Swiss National Bank Raises Stock Holdings in German American Bancorp, Inc. $GABC

Key Points

• The Swiss National Bank increased its stake in German American Bancorp, Inc. by 12.3%, holding 65,550 shares valued at $2.46 million as of its latest SEC filing.
• German American Bancorp announced a quarterly dividend of $0.29 per share, leading to an annualized dividend yield of 2.8% and a dividend payout ratio of 44.11%.
• Recent analysis shows that two investment analysts have rated the stock as a Buy, while others have given it a Hold rating, indicating a consensus target price of $46.00.

Swiss National Bank grew its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,550 shares of the bank's stock after acquiring an additional 7,200 shares during the quarter. Swiss National Bank owned about 0.18% of German American Bancorp worth $2,458,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GABC. Silver Oak Securities Incorporated bought a new stake in German American Bancorp in the 1st quarter worth about $28,000. Cubist Systematic Strategies LLC bought a new stake in German American Bancorp in the 4th quarter worth about $35,000. Sterling Capital Management LLC increased its holdings 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 buying an additional 813 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings 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 worth $39,000 after buying an additional 775 shares in the last quarter. Finally, KBC Group NV bought a new stake in German American Bancorp in the 1st quarter worth about $55,000. 46.90% of the stock is currently owned by institutional investors.

German American Bancorp Stock Performance

Shares of GABC stock traded up $0.03 during trading hours on Thursday, reaching $41.96. 109,942 shares of the company traded hands, compared to its average volume of 111,788. German American Bancorp, Inc. has a 12-month low of $32.75 and a 12-month high of $47.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $1.57 billion, a P/E ratio of 15.95 and a beta of 0.62. The firm has a 50-day moving average price of $39.83 and a 200 day moving average price of $38.63.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The bank reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. German American Bancorp had a return on equity of 11.59% and a net margin of 20.84%.The firm had revenue of $91.16 million for the quarter, compared to analysts' expectations of $91.93 million. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Sunday, August 10th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a yield of 2.8%. German American Bancorp's payout ratio is currently 44.11%.

Insider Buying and Selling

In other German American Bancorp news, Director Diane B. Medley purchased 882 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of $37.95 per share, with a total value of $33,471.90. Following the acquisition, the director owned 6,252 shares in the company, valued at approximately $237,263.40. This trade represents a 16.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders purchased 3,580 shares of company stock valued at $142,096. 6.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GABC has been the subject of several research analyst reports. Wall Street Zen upgraded German American Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Piper Sandler boosted their price target on German American Bancorp from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.00.

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.