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

German American Bancorp logo with Finance background

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.

Check Out Our Latest Research Report on GABC

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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for German American Bancorp (NASDAQ:GABC)

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