Jane Street Group LLC Has $829,000 Stock Holdings in German American Bancorp, Inc. (NASDAQ:GABC)

Jane Street Group LLC decreased its stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 58.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,617 shares of the bank's stock after selling 29,513 shares during the quarter. Jane Street Group LLC owned 0.07% of German American Bancorp worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its holdings in shares of German American Bancorp by 821.2% in the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after purchasing an additional 813 shares in the last quarter. Tower Research Capital LLC TRC raised its position in German American Bancorp by 399.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock valued at $39,000 after acquiring an additional 775 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of German American Bancorp by 15.2% during the 4th quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock worth $119,000 after acquiring an additional 389 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of German American Bancorp in the 4th quarter valued at approximately $201,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of German American Bancorp during the 4th quarter worth $217,000. Hedge funds and other institutional investors own 46.90% of the company's stock.

Insiders Place Their Bets

In other German American Bancorp news, Director Jason M. Kelly sold 2,515 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $39.55, for a total transaction of $99,468.25. Following the sale, the director now directly owns 11,673 shares of the company's stock, valued at approximately $461,667.15. This represents a 17.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 135 shares of company stock worth $5,246 over the last three months. 6.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

German American Bancorp Price Performance

Shares of NASDAQ:GABC traded down $0.17 during midday trading on Thursday, reaching $38.34. 18,807 shares of the company's stock were exchanged, compared to its average volume of 120,050. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The company's 50 day simple moving average is $37.34 and its two-hundred day simple moving average is $39.92. German American Bancorp, Inc. has a 12 month low of $31.06 and a 12 month high of $47.08. The firm has a market capitalization of $1.44 billion, a PE ratio of 13.60 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. The company had revenue of $81.41 million for the quarter, compared to the consensus estimate of $79.60 million. Equities research analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share 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. Shareholders of record on Saturday, May 10th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is 46.77%.

About German American Bancorp

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.