L.M. Kohn & Company Purchases 126,236 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

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

Several other institutional investors and hedge funds have also made changes to their positions in GABC. Silver Oak Securities Incorporated purchased a new stake in shares of German American Bancorp in the 1st quarter valued at about $28,000. Cubist Systematic Strategies LLC purchased a new stake in shares of German American Bancorp in the 4th quarter valued at about $35,000. Sterling Capital Management LLC lifted its holdings in shares of German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after purchasing an additional 813 shares during the last quarter. Tower Research Capital LLC TRC raised 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 valued at $39,000 after acquiring an additional 775 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in German American Bancorp by 2,933.8% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the bank's stock valued at $77,000 after acquiring an additional 1,995 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price objective on 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. 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $45.20.

German American Bancorp Stock Performance

Shares of GABC stock traded up $0.96 during trading hours on Monday, reaching $37.84. 183,716 shares of the company's stock were exchanged, compared to its average volume of 112,904. The company has a market cap of $1.42 billion, a P/E ratio of 15.26 and a beta of 0.59. The company's 50 day moving average is $37.87 and its two-hundred day moving average is $38.88. German American Bancorp, Inc. has a 1 year low of $32.75 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.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $81.41 million during the quarter, compared to the consensus estimate of $79.60 million. German American Bancorp had a return on equity of 11.53% and a net margin of 19.78%. Equities research analysts anticipate that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal 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 paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is 46.77%.

Insider Transactions at German American Bancorp

In related news, Director Jason M. Kelly sold 2,515 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $39.55, for a total value of $99,468.25. Following the sale, the director now owns 11,673 shares in the company, valued at $461,667.15. This represents a 17.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 341 shares of company stock valued at $13,002. Corporate insiders own 4.59% of the company's stock.

German American Bancorp Company 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.