Hsbc Holdings PLC Invests $847,000 in German American Bancorp, Inc. (NASDAQ:GABC)

Hsbc Holdings PLC acquired a new stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,948 shares of the bank's stock, valued at approximately $847,000. Hsbc Holdings PLC owned approximately 0.07% of German American Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position 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 purchasing an additional 813 shares during the period. Tower Research Capital LLC TRC grew its holdings in German American Bancorp by 399.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock worth $39,000 after acquiring an additional 775 shares during the period. Quantbot Technologies LP raised its position in German American Bancorp by 15.2% in the fourth quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock worth $119,000 after acquiring an additional 389 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in German American Bancorp in the 4th quarter valued at about $201,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of German American Bancorp during the 4th quarter valued at about $217,000. Institutional investors own 46.90% of the company's stock.

Wall Street Analyst Weigh In

GABC has been the topic of a number of research reports. Piper Sandler dropped their target price on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.20.

Insiders Place Their Bets

In related news, Director Diane B. Medley purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the completion of the acquisition, the director now owns 5,370 shares in the company, valued at $210,557.70. This trade represents a 22.88 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 1,090 shares of company stock worth $42,697. 6.16% of the stock is currently owned by company insiders.

German American Bancorp Stock Performance

Shares of GABC opened at $38.85 on Monday. The company has a 50-day moving average of $37.29 and a two-hundred day moving average of $40.20. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 13.78 and a beta of 0.61. 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, Inc. has a one year low of $31.06 and a one year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $81.41 million for the quarter, compared to analysts' expectations of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. On average, equities research analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Saturday, May 10th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, May 9th. German American Bancorp's dividend payout ratio is currently 46.77%.

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.

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