German American Bancorp, Inc. (NASDAQ:GABC) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its stake in German American Bancorp, Inc. (NASDAQ:GABC - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,365 shares of the bank's stock after acquiring an additional 19,780 shares during the period. Tudor Investment Corp ET AL owned approximately 0.18% of German American Bancorp worth $2,106,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in German American Bancorp in the 3rd quarter valued at $597,000. Barclays PLC increased its holdings in shares of German American Bancorp by 577.6% in the 3rd quarter. Barclays PLC now owns 69,271 shares of the bank's stock valued at $2,684,000 after acquiring an additional 59,048 shares during the period. JPMorgan Chase & Co. raised its position in shares of German American Bancorp by 154.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank's stock worth $2,358,000 after acquiring an additional 36,954 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of German American Bancorp during the 4th quarter worth $489,000. Finally, Charles Schwab Investment Management Inc. grew its stake in German American Bancorp by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank's stock valued at $40,195,000 after purchasing an additional 44,845 shares during the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

German American Bancorp Price Performance

Shares of German American Bancorp stock traded down $0.15 during trading hours on Friday, reaching $38.65. 20,844 shares of the company's stock were exchanged, compared to its average volume of 107,587. The business has a fifty day moving average of $37.20 and a two-hundred day moving average of $40.16. The company has a market capitalization of $1.45 billion, a P/E ratio of 13.71 and a beta of 0.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp, Inc. has a 1 year low of $31.06 and a 1 year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is 46.77%.

Insiders Place Their Bets

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the acquisition, the director now directly owns 5,370 shares of the company's stock, valued at $210,557.70. This trade represents a 22.88 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 1,090 shares of company stock worth $42,697 over the last ninety days. Corporate insiders own 6.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GABC. Keefe, Bruyette & Woods raised 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. Piper Sandler lowered 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 research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, German American Bancorp currently has an average 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.