19,597 Shares in German American Bancorp, Inc. (NASDAQ:GABC) Purchased by Wealthquest Corp

Wealthquest Corp bought a new position in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,597 shares of the bank's stock, valued at approximately $735,000. Wealthquest Corp owned 0.05% of German American Bancorp as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Silver Oak Securities Incorporated bought a new position in German American Bancorp in the 1st quarter worth $28,000. Cubist Systematic Strategies LLC bought a new position in German American Bancorp in the 4th quarter worth $35,000. Sterling Capital Management LLC boosted 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 during the period. Tower Research Capital LLC TRC boosted 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 during the period. Finally, KBC Group NV bought a new position in shares of German American Bancorp during the 1st quarter valued at about $55,000. Institutional investors own 46.90% of the company's stock.

German American Bancorp Price Performance

Shares of GABC traded down $0.81 during midday trading on Friday, hitting $37.61. 130,268 shares of the company traded hands, compared to its average volume of 121,031. The firm has a 50 day moving average of $39.08 and a 200-day moving average of $38.70. German American Bancorp, Inc. has a 52 week low of $32.75 and a 52 week high of $47.08. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 14.30 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The bank reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. German American Bancorp had a net margin of 20.84% and a return on equity of 12.40%. The business had revenue of $91.16 million during the quarter, compared to the consensus estimate of $91.93 million. On average, analysts forecast that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Sunday, August 10th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.1%. German American Bancorp's dividend payout ratio (DPR) is presently 44.11%.

Insider Activity at German American Bancorp

In related news, Director Jason M. Kelly sold 2,515 shares of the stock in a transaction dated 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 transaction, the director owned 11,673 shares of the company's stock, valued at approximately $461,667.15. This trade represents a 17.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 2,785 shares of company stock valued at $112,078. 6.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Piper Sandler increased their price objective on shares of German American Bancorp from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday.

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.