6,781 Shares in German American Bancorp, Inc. (NASDAQ:GABC) Acquired by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC acquired a new stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,781 shares of the bank's stock, valued at approximately $254,000.

A number of other institutional investors have also recently bought and sold shares of the business. Silver Oak Securities Incorporated bought a new stake in shares of German American Bancorp in the first quarter valued at about $28,000. Cubist Systematic Strategies LLC acquired a new stake in German American Bancorp in the 4th quarter valued at approximately $35,000. Sterling Capital Management LLC lifted its stake in 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 acquiring an additional 813 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in German American Bancorp by 399.5% in 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 in the last quarter. Finally, KBC Group NV acquired a new position in German American Bancorp during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 46.90% of the company's stock.

German American Bancorp Stock Performance

NASDAQ:GABC traded up $0.11 during mid-day trading on Tuesday, hitting $40.95. The stock had a trading volume of 218,729 shares, compared to its average volume of 118,489. German American Bancorp, Inc. has a twelve month low of $32.75 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 16.51 and a beta of 0.59. The company's 50 day simple moving average is $38.64 and its 200 day simple moving average is $38.62.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. German American Bancorp had a return on equity of 11.53% and a net margin of 19.78%. The company had revenue of $81.41 million during the quarter, compared to the consensus estimate of $79.60 million. On average, equities research analysts forecast that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were issued a $0.29 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.16 annualized dividend and a dividend yield of 2.83%. German American Bancorp's dividend payout ratio is currently 46.77%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price objective on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. One equities research 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, the stock presently has an average rating of "Hold" and a consensus target price of $45.20.

Insider Buying and Selling at German American Bancorp

In related news, Director Jason M. Kelly sold 2,515 shares of German American Bancorp 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 completion of the sale, the director owned 11,673 shares of the company's stock, valued at approximately $461,667.15. The trade was a 17.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought 341 shares of company stock valued at $13,002 over the last 90 days. 4.59% of the stock is owned by corporate insiders.

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.