UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 6,817 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 15.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 50,463 shares of the bank's stock after acquiring an additional 6,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of German American Bancorp worth $2,030,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GABC. Point72 Asset Management L.P. acquired a new stake in shares of German American Bancorp during the 4th quarter worth $228,000. Man Group plc purchased a new stake in German American Bancorp during the 4th quarter worth $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in German American Bancorp by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,221 shares of the bank's stock worth $652,000 after purchasing an additional 536 shares during the period. Deutsche Bank AG boosted its position in German American Bancorp by 55.2% during the 4th quarter. Deutsche Bank AG now owns 24,295 shares of the bank's stock worth $977,000 after purchasing an additional 8,645 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in German American Bancorp during the 4th quarter worth $35,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their target price 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.20.

German American Bancorp Stock Performance

GABC traded down $0.37 during trading on Wednesday, hitting $38.55. The stock had a trading volume of 105,096 shares, compared to its average volume of 109,835. The company has a 50 day simple moving average of $37.50 and a 200-day simple moving average of $39.41. German American Bancorp, Inc. has a 12 month low of $31.96 and a 12 month high of $47.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.44 billion, a PE ratio of 13.67 and a beta of 0.59.

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 for the quarter, beating the consensus estimate of $0.72 by $0.07. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. The business had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. Analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, May 9th. German American Bancorp's dividend payout ratio is presently 46.77%.

Insiders Place Their Bets

In other German American Bancorp news, Director Jason M. Kelly sold 2,515 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $39.55, for a total value of $99,468.25. Following the completion of the sale, the director now owns 11,673 shares of the company's stock, valued at approximately $461,667.15. This represents a 17.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders purchased 135 shares of company stock valued at $5,246. Insiders own 6.16% 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.