L.M. Kohn & Company Has $18.39 Million Stock Position in German American Bancorp, Inc. (NASDAQ:GABC)

L.M. Kohn & Company increased its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 34.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,458 shares of the bank's stock after acquiring an additional 126,236 shares during the period. German American Bancorp makes up 4.8% of L.M. Kohn & Company's investment portfolio, making the stock its 3rd largest holding. L.M. Kohn & Company owned about 1.31% of German American Bancorp worth $18,392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GABC. Royce & Associates LP boosted its position in shares of German American Bancorp by 138.2% in the 4th quarter. Royce & Associates LP now owns 317,221 shares of the bank's stock worth $12,759,000 after purchasing an additional 184,065 shares in the last quarter. First Trust Advisors LP increased its position in German American Bancorp by 437.1% during the 4th quarter. First Trust Advisors LP now owns 96,438 shares of the bank's stock valued at $3,879,000 after buying an additional 78,482 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in German American Bancorp by 40.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 188,323 shares of the bank's stock valued at $7,574,000 after buying an additional 54,199 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in German American Bancorp by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank's stock worth $40,195,000 after acquiring an additional 44,845 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of German American Bancorp by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,748,772 shares of the bank's stock worth $70,336,000 after acquiring an additional 40,642 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price target on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, German American Bancorp has a consensus rating of "Hold" and a consensus target price of $45.20.

German American Bancorp Stock Down 0.2%

Shares of NASDAQ GABC opened at $36.80 on Friday. The firm has a 50-day simple moving average of $37.76 and a two-hundred day simple moving average of $39.08. German American Bancorp, Inc. has a 1 year low of $32.61 and a 1 year high of $47.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $1.38 billion, a P/E ratio of 14.84 and a beta of 0.59.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. German American Bancorp had a net margin of 19.78% and a return on equity of 11.53%. The firm had revenue of $81.41 million for the quarter, compared to the consensus estimate of $79.60 million. Research analysts anticipate that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th were given a dividend of $0.29 per share. The ex-dividend date was Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.15%. German American Bancorp's dividend payout ratio (DPR) is 46.77%.

Insider Transactions 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 that occurred on Tuesday, May 20th. The shares were sold at an average price of $39.55, for a total value of $99,468.25. Following the transaction, the director now directly owns 11,673 shares of the company's stock, valued at $461,667.15. This trade represents a 17.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased 341 shares of company stock valued at $13,002 over the last 90 days. 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.

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