German American Bancorp, Inc. (NASDAQ:GABC) Stake Raised by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 437.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,438 shares of the bank's stock after acquiring an additional 78,482 shares during the quarter. First Trust Advisors LP owned 0.32% of German American Bancorp worth $3,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GABC. Barclays PLC boosted its holdings 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 purchasing an additional 5,258 shares during the period. Timucuan Asset Management Inc. FL purchased a new stake in German American Bancorp in the 4th quarter worth approximately $603,000. Sterling Capital Management LLC boosted its stake in shares of German American Bancorp by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after buying an additional 813 shares during the period. Invesco Ltd. grew its holdings in shares of German American Bancorp by 5.6% during the 4th quarter. Invesco Ltd. now owns 58,256 shares of the bank's stock valued at $2,343,000 after acquiring an additional 3,072 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of German American Bancorp in the fourth quarter worth $418,000. Hedge funds and other institutional investors own 46.90% of the company's stock.

Insider Activity

In other German American Bancorp news, Director Diane B. Medley bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the purchase, the director now directly owns 5,370 shares in the company, valued at $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 1,090 shares of company stock valued at $42,697. 6.16% of the stock is owned by insiders.

German American Bancorp Stock Up 2.5 %

Shares of GABC stock opened at $38.85 on Friday. The stock's 50 day simple moving average is $37.29 and its 200 day simple moving average is $40.21. German American Bancorp, Inc. has a twelve month low of $31.06 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.78 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. As a group, research analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is 41.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GABC shares. Piper Sandler lowered their target price on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, German American Bancorp has a consensus rating of "Hold" and a consensus price target of $45.20.

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.

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