163,864 Shares in German American Bancorp, Inc. (NASDAQ:GABC) Purchased by Strategic Value Bank Partners LLC

Strategic Value Bank Partners LLC bought a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 163,864 shares of the bank's stock, valued at approximately $6,145,000. German American Bancorp comprises 3.9% of Strategic Value Bank Partners LLC's investment portfolio, making the stock its 11th largest position. Strategic Value Bank Partners LLC owned approximately 0.44% of German American Bancorp as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Silver Oak Securities Incorporated purchased a new position in German American Bancorp in the 1st quarter worth approximately $28,000. Cubist Systematic Strategies LLC purchased a new position in German American Bancorp in the 4th quarter worth approximately $35,000. Sterling Capital Management LLC grew its position in German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock worth $37,000 after purchasing an additional 813 shares during the period. 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 buying an additional 775 shares during the last quarter. Finally, KBC Group NV purchased a new stake in German American Bancorp during the 1st quarter valued at $55,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

German American Bancorp Price Performance

German American Bancorp stock traded up $0.53 during mid-day trading on Wednesday, hitting $40.17. The stock had a trading volume of 156,971 shares, compared to its average volume of 119,018. The firm has a market capitalization of $1.51 billion, a P/E ratio of 16.20 and a beta of 0.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm's 50 day moving average is $38.86 and its 200 day moving average is $38.61. German American Bancorp, Inc. has a one year low of $32.75 and a one year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly 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. The business had revenue of $81.41 million for the quarter, compared to analysts' expectations of $79.60 million. German American Bancorp had a net margin of 19.78% and a return on equity of 11.53%. On average, sell-side analysts forecast that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

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. This represents a $1.16 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, May 9th. German American Bancorp's dividend payout ratio is 46.77%.

Insider Activity

In other 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 directly owned 11,673 shares in the company, valued at approximately $461,667.15. This represents a 17.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have bought 315 shares of company stock worth $12,068. 4.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price target on 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.20.

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.