Vanguard Group Inc. Has $79 Million Stock Holdings in German American Bancorp, Inc. $GABC

Key Points

• Vanguard Group Inc. increased its stake in German American Bancorp by 20.4% in Q1, resulting in ownership of 5.63% of the company's shares, valued at approximately $79 million.
• Director Diane B. Medley purchased 882 shares at an average cost of $37.95 each, representing a 16.42% increase in her position, while company insiders collectively bought 3,580 shares in the last 90 days.
• German American Bancorp recently reported $0.86 earnings per share for the last quarter, exceeding analyst expectations, and announced a quarterly dividend of $0.29 per share with a 2.8% yield.

Vanguard Group Inc. lifted its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 20.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,106,784 shares of the bank's stock after buying an additional 357,360 shares during the quarter. Vanguard Group Inc. owned approximately 5.63% of German American Bancorp worth $79,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. LPL Financial LLC bought a new stake in German American Bancorp in the fourth quarter valued at about $235,000. Wells Fargo & Company MN increased its stake in shares of German American Bancorp by 23.8% in the fourth quarter. Wells Fargo & Company MN now owns 18,431 shares of the bank's stock valued at $741,000 after purchasing an additional 3,543 shares during the period. Invesco Ltd. raised its holdings in shares of German American Bancorp by 5.6% during the fourth quarter. Invesco Ltd. now owns 58,256 shares of the bank's stock valued at $2,343,000 after buying an additional 3,072 shares during the last quarter. Barclays PLC boosted its position in shares of German American Bancorp by 7.6% during the fourth quarter. Barclays PLC now owns 74,529 shares of the bank's stock worth $2,998,000 after buying an additional 5,258 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of German American Bancorp by 437.1% during the fourth quarter. First Trust Advisors LP now owns 96,438 shares of the bank's stock worth $3,879,000 after buying an additional 78,482 shares during the period. Institutional investors own 46.90% of the company's stock.

German American Bancorp Price Performance

Shares of NASDAQ GABC traded up $0.19 during trading on Friday, hitting $42.15. The company had a trading volume of 4,509 shares, compared to its average volume of 131,791. German American Bancorp, Inc. has a 52 week low of $32.75 and a 52 week high of $47.08. The business's 50-day moving average is $39.83 and its 200 day moving average is $38.63. The company has a market cap of $1.58 billion, a P/E ratio of 16.03 and a beta of 0.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, July 28th. The bank reported $0.86 earnings per share (EPS) for the quarter, topping 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 company had revenue of $91.16 million for the quarter, compared to analyst estimates of $91.93 million. Equities research 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 announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Sunday, August 10th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 8th. German American Bancorp's payout ratio is 44.11%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Diane B. Medley purchased 882 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $37.95 per share, for a total transaction of $33,471.90. Following the acquisition, the director directly owned 6,252 shares in the company, valued at approximately $237,263.40. The trade was a 16.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have acquired 3,580 shares of company stock worth $142,096. Company insiders own 6.16% of the company's stock.

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.