Strategic Value Bank Partners LLC Invests $6.15 Million in German American Bancorp, Inc. (NASDAQ:GABC)

Strategic Value Bank Partners LLC acquired a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 163,864 shares of the bank's stock, valued at approximately $6,145,000. German American Bancorp makes up about 3.9% of Strategic Value Bank Partners LLC's holdings, making the stock its 11th biggest position. Strategic Value Bank Partners LLC owned 0.44% of German American Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GABC. Silver Oak Securities Incorporated purchased a new stake in German American Bancorp in the 1st quarter worth about $28,000. Cubist Systematic Strategies LLC acquired a new position in shares of German American Bancorp in the 4th quarter valued at about $35,000. Sterling Capital Management LLC lifted its position in shares of German American Bancorp by 821.2% in the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock worth $37,000 after purchasing an additional 813 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of German American Bancorp by 399.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock worth $39,000 after purchasing an additional 775 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of German American Bancorp during the first quarter worth approximately $55,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Stock Down 1.8%

Shares of GABC traded down $0.74 during midday trading on Friday, reaching $40.37. 123,464 shares of the stock were exchanged, compared to its average volume of 118,740. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 16.28 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. German American Bancorp, Inc. has a 12-month low of $32.75 and a 12-month high of $47.08. The firm has a 50 day simple moving average of $38.79 and a 200-day simple moving average of $38.61.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 19.78% and a return on equity of 11.53%. Research analysts forecast that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Friday, May 9th. German American Bancorp's payout ratio is presently 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 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 transaction, the director directly owned 11,673 shares in the company, valued at $461,667.15. This trade represents a 17.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 341 shares of company stock valued at $13,002 in the last three months. Corporate insiders own 6.16% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped 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 research note on Thursday, May 1st. One 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 stock. Based on data from MarketBeat, German American Bancorp presently has a consensus rating of "Hold" and an average target price of $45.20.

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.