Northern Trust Corp Has $11.16 Million Holdings in German American Bancorp, Inc. (NASDAQ:GABC)

Northern Trust Corp raised its holdings in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,393 shares of the bank's stock after acquiring an additional 13,330 shares during the period. Northern Trust Corp owned about 0.93% of German American Bancorp worth $11,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of German American Bancorp by 577.6% during the third quarter. Barclays PLC now owns 69,271 shares of the bank's stock valued at $2,684,000 after purchasing an additional 59,048 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of German American Bancorp by 154.6% during the third quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank's stock valued at $2,358,000 after purchasing an additional 36,954 shares in the last quarter. Ellsworth Advisors LLC acquired a new stake in shares of German American Bancorp during the fourth quarter valued at about $577,000. SG Americas Securities LLC boosted its stake in shares of German American Bancorp by 84.4% during the fourth quarter. SG Americas Securities LLC now owns 11,747 shares of the bank's stock valued at $472,000 after purchasing an additional 5,377 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of German American Bancorp by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,481 shares of the bank's stock valued at $871,000 after purchasing an additional 3,391 shares in the last quarter. Institutional investors own 46.90% of the company's stock.

Insider Activity at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the purchase, the director now owns 5,370 shares in the company, valued at $210,557.70. This represents a 22.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jason M. Kelly sold 2,515 shares of the business's stock in a transaction that occurred on 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 now directly owns 11,673 shares in the company, valued at approximately $461,667.15. This trade represents a 17.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 1,135 shares of company stock worth $44,456 over the last ninety days. Insiders own 6.16% of the company's stock.

German American Bancorp Trading Down 1.1%

GABC stock traded down $0.41 during trading on Thursday, hitting $38.00. The company had a trading volume of 84,538 shares, compared to its average volume of 108,757. The business has a 50-day moving average of $37.36 and a 200-day moving average of $40.09. German American Bancorp, Inc. has a one year low of $31.06 and a one year high of $47.08. The stock has a market cap of $1.42 billion, a PE ratio of 13.48 and a beta of 0.61. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

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

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, May 9th. German American Bancorp's payout ratio is presently 46.77%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lifted 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. Piper Sandler cut their price target on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.