Deutsche Bank AG Boosts Holdings in German American Bancorp, Inc. (NASDAQ:GABC)

Deutsche Bank AG raised its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 55.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,295 shares of the bank's stock after acquiring an additional 8,645 shares during the period. Deutsche Bank AG owned about 0.08% of German American Bancorp worth $977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GABC. Barclays PLC grew its holdings in shares of German American Bancorp by 577.6% in the third quarter. Barclays PLC now owns 69,271 shares of the bank's stock worth $2,684,000 after purchasing an additional 59,048 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of German American Bancorp by 84.4% in the fourth quarter. SG Americas Securities LLC now owns 11,747 shares of the bank's stock worth $472,000 after purchasing an additional 5,377 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of German American Bancorp by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,481 shares of the bank's stock worth $871,000 after purchasing an additional 3,391 shares during the last quarter. Kentucky Trust Co bought a new position in shares of German American Bancorp in the fourth quarter worth approximately $362,000. Finally, CFC Planning Co LLC bought a new position in shares of German American Bancorp in the fourth quarter worth approximately $761,000. Institutional investors own 46.90% of the company's stock.

German American Bancorp Trading Down 0.4%

NASDAQ:GABC traded down $0.15 during trading hours on Thursday, hitting $38.36. The company had a trading volume of 102,750 shares, compared to its average volume of 108,889. The company has a market capitalization of $1.44 billion, a PE ratio of 13.60 and a beta of 0.61. The stock has a 50-day moving average price of $37.34 and a 200 day moving average price of $39.92. German American Bancorp, Inc. has a 52 week low of $31.06 and a 52 week high of $47.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $81.41 million for the quarter, compared to analysts' expectations of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. On average, equities research analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is currently 46.77%.

Analyst Ratings Changes

GABC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Piper Sandler cut their target price on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $45.20.

Insider Activity at German American Bancorp

In other German American Bancorp news, Director Jason M. Kelly sold 2,515 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $39.55, for a total transaction of $99,468.25. Following the completion of the transaction, the director now owns 11,673 shares of the company's stock, valued at approximately $461,667.15. This trade represents a 17.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 135 shares of company stock worth $5,246 over the last quarter. Corporate insiders own 6.16% of the company's stock.

German American Bancorp 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.