German American Bancorp, Inc. (NASDAQ:GABC) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC lowered its position in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,193,622 shares of the bank's stock after selling 58,494 shares during the quarter. Champlain Investment Partners LLC owned 4.02% of German American Bancorp worth $48,007,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC grew its holdings in German American Bancorp by 7.6% during the fourth quarter. Barclays PLC now owns 74,529 shares of the bank's stock valued at $2,998,000 after purchasing an additional 5,258 shares during the last quarter. Timucuan Asset Management Inc. FL acquired a new position in German American Bancorp in the fourth quarter valued at about $603,000. Sterling Capital Management LLC raised its stake in German American Bancorp by 821.2% during 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. Invesco Ltd. boosted its stake in German American Bancorp by 5.6% in the 4th quarter. Invesco Ltd. now owns 58,256 shares of the bank's stock worth $2,343,000 after purchasing an additional 3,072 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in German American Bancorp in the fourth quarter valued at $418,000. Hedge funds and other institutional investors own 46.90% of the company's stock.

German American Bancorp Trading Up 1.0 %

Shares of German American Bancorp stock traded up $0.36 during trading on Wednesday, hitting $36.74. The stock had a trading volume of 28,707 shares, compared to its average volume of 108,675. The stock has a market cap of $1.38 billion, a PE ratio of 13.03 and a beta of 0.61. The firm's fifty day simple moving average is $37.68 and its 200-day simple moving average is $40.30. German American Bancorp, Inc. has a 12 month low of $31.06 and a 12 month high of $47.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. As a group, sell-side analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from German American Bancorp's previous quarterly dividend of $0.27. German American Bancorp's payout ratio is 41.13%.

Insider Buying and Selling

In related news, Director Diane B. Medley acquired 1,000 shares of German American Bancorp stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the acquisition, the director now owns 5,370 shares in the company, valued at approximately $210,557.70. This represents a 22.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 1,090 shares of company stock worth $42,697. 6.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on GABC shares. Piper Sandler cut their price target on German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.40.

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.