Charles Schwab Investment Management Inc. Has $41.59 Million Stock Holdings in German American Bancorp, Inc. $GABC

Charles Schwab Investment Management Inc. boosted its position in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,109,170 shares of the bank's stock after buying an additional 109,789 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.96% of German American Bancorp worth $41,594,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. LPL Financial LLC bought a new stake in shares of German American Bancorp during the 4th quarter valued at $235,000. Wells Fargo & Company MN raised its position in shares of German American Bancorp by 23.8% during the 4th quarter. Wells Fargo & Company MN now owns 18,431 shares of the bank's stock valued at $741,000 after acquiring an additional 3,543 shares during the last quarter. Invesco Ltd. raised its position in shares of German American Bancorp by 5.6% during the 4th quarter. Invesco Ltd. now owns 58,256 shares of the bank's stock valued at $2,343,000 after acquiring an additional 3,072 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of German American Bancorp by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after acquiring an additional 813 shares during the last quarter. Finally, Barclays PLC raised its position in shares of German American Bancorp by 7.6% during the 4th quarter. Barclays PLC now owns 74,529 shares of the bank's stock valued at $2,998,000 after acquiring an additional 5,258 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company's stock.

Insiders Place Their Bets

In related news, Director Diane B. Medley bought 882 shares of German American Bancorp stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $37.95 per share, with a total value of $33,471.90. Following the purchase, the director owned 6,252 shares in the company, valued at approximately $237,263.40. This trade represents a 16.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have acquired 3,580 shares of company stock valued at $142,096. 6.16% of the stock is currently owned by corporate insiders.

German American Bancorp Trading Up 4.1%

Shares of GABC traded up $1.64 during trading hours on Friday, reaching $41.54. The stock had a trading volume of 32,157 shares, compared to its average volume of 132,149. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. German American Bancorp, Inc. has a 52 week low of $32.75 and a 52 week high of $47.08. The firm has a 50-day moving average of $39.34 and a 200 day moving average of $38.60. The company has a market cap of $1.56 billion, a P/E ratio of 15.77 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, July 28th. The bank reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $91.16 million during the quarter, compared to analyst estimates of $91.93 million. German American Bancorp had a net margin of 20.84% and a return on equity of 11.59%. On average, sell-side analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Sunday, August 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a yield of 2.8%. German American Bancorp's dividend payout ratio is presently 44.11%.

Analyst Upgrades and Downgrades

GABC has been the subject of several recent research reports. Wall Street Zen upgraded shares of German American Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler upped their target price on shares of German American Bancorp from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, German American Bancorp has an average rating of "Moderate Buy" and an average price target of $46.00.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.