German American Bancorp, Inc. (NASDAQ:GABC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 58.9% during the fourth quarter, according to its most recent disclosure 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 SEC filing.

Several other large investors have also modified their holdings of GABC. Sterling Capital Management LLC boosted its position in shares of German American Bancorp by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock worth $37,000 after buying an additional 813 shares during the period. Tower Research Capital LLC TRC lifted its stake in German American Bancorp by 399.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock worth $39,000 after acquiring an additional 775 shares in the last quarter. Quantbot Technologies LP boosted its holdings in German American Bancorp by 15.2% during the 4th quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock valued at $119,000 after acquiring an additional 389 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in German American Bancorp in the 4th quarter valued at about $201,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in German American Bancorp during the fourth quarter worth about $217,000. Institutional investors and hedge funds own 46.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GABC shares. Piper Sandler lowered their price objective on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Keefe, Bruyette & Woods increased 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $45.20.

Insider Buying and Selling at German American Bancorp

In other news, Director Jason M. Kelly sold 2,515 shares of the company's stock in a transaction dated 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 directly owns 11,673 shares of the company's stock, valued at approximately $461,667.15. This represents a 17.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diane B. Medley acquired 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the acquisition, the director now owns 5,370 shares in the company, valued at approximately $210,557.70. The trade was a 22.88% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,135 shares of company stock valued at $44,456. Insiders own 6.16% of the company's stock.

German American Bancorp Stock Up 2.2%

GABC stock traded up $0.82 during mid-day trading on Tuesday, reaching $38.72. The company had a trading volume of 111,702 shares, compared to its average volume of 108,921. 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 has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.73 and a beta of 0.61. The firm has a fifty day simple moving average of $37.32 and a 200 day simple moving average of $39.94. German American Bancorp, Inc. has a fifty-two week low of $31.06 and a fifty-two week high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The firm had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Analysts forecast that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently disclosed 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 dividend yield of 3.00%. The ex-dividend date was Friday, May 9th. German American Bancorp's dividend payout ratio is presently 46.77%.

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.