SG Americas Securities LLC bought a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,370 shares of the bank’s stock, valued at approximately $247,000.
Several other institutional investors and hedge funds also recently bought and sold shares of GABC. EntryPoint Capital LLC grew its stake in German American Bancorp by 186.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after acquiring an additional 1,339 shares in the last quarter. Renaissance Technologies LLC purchased a new position in German American Bancorp during the 2nd quarter valued at about $207,000. LSV Asset Management grew its stake in German American Bancorp by 96.4% during the 1st quarter. LSV Asset Management now owns 7,265 shares of the bank’s stock valued at $252,000 after acquiring an additional 3,565 shares in the last quarter. Pettinga Financial Advisors LLC grew its stake in German American Bancorp by 6.5% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock valued at $258,000 after acquiring an additional 443 shares in the last quarter. Finally, Diversified Trust Co grew its stake in shares of German American Bancorp by 20.6% in the 1st quarter. Diversified Trust Co now owns 12,002 shares of the bank’s stock valued at $416,000 after buying an additional 2,050 shares in the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.
Insider Transactions at German American Bancorp
In other German American Bancorp news, Director Diane B. Medley purchased 710 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $36.37 per share, for a total transaction of $25,822.70. Following the completion of the acquisition, the director now directly owns 4,370 shares in the company, valued at $158,936.90. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other German American Bancorp news, Director Thomas W. Seger purchased 3,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the director now directly owns 484,342 shares in the company, valued at $17,823,785.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane B. Medley purchased 710 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $36.37 per share, with a total value of $25,822.70. Following the completion of the acquisition, the director now owns 4,370 shares of the company’s stock, valued at approximately $158,936.90. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 3,732 shares of company stock worth $137,119 over the last three months. 6.16% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Report on German American Bancorp
German American Bancorp Stock Down 2.2 %
GABC opened at $39.63 on Tuesday. The business has a 50 day moving average price of $38.98 and a 200 day moving average price of $35.92. German American Bancorp, Inc. has a twelve month low of $24.85 and a twelve month high of $42.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $1.18 billion, a P/E ratio of 13.87 and a beta of 0.61.
German American Bancorp (NASDAQ:GABC – Get Free Report) last posted its earnings results on Monday, July 29th. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08. German American Bancorp had a return on equity of 12.97% and a net margin of 24.44%. The firm had revenue of $64.89 million during the quarter, compared to analyst estimates of $60.20 million. Research analysts forecast that German American Bancorp, Inc. will post 2.7 EPS for the current year.
German American Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Saturday, August 10th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.08 annualized dividend and a yield of 2.73%. German American Bancorp’s dividend payout ratio (DPR) is currently 37.89%.
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.
See Also
- Five stocks we like better than German American Bancorp
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Investing in Travel Stocks Benefits
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- What Are Trending Stocks? Trending Stocks Explained
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for German American Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.