Creative Planning Has $632,000 Stock Position in German American Bancorp, Inc. (NASDAQ:GABC)

Creative Planning grew its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 42.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,321 shares of the bank’s stock after buying an additional 4,840 shares during the quarter. Creative Planning owned approximately 0.05% of German American Bancorp worth $632,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. EntryPoint Capital LLC raised its stake in shares of German American Bancorp by 186.2% during the first 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 during the last quarter. Renaissance Technologies LLC bought a new position in German American Bancorp during the 2nd quarter worth $207,000. SG Americas Securities LLC bought a new position in German American Bancorp during the 3rd quarter worth $247,000. LSV Asset Management lifted its holdings in German American Bancorp by 96.4% during the 1st quarter. LSV Asset Management now owns 7,265 shares of the bank’s stock worth $252,000 after buying an additional 3,565 shares during the period. Finally, Pettinga Financial Advisors LLC grew its position in shares of German American Bancorp by 6.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock valued at $258,000 after buying an additional 443 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at German American Bancorp

In other news, Director Thomas W. Seger bought 3,000 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $36.80 per share, with a total value of $110,400.00. Following the completion of the transaction, the director now directly owns 484,342 shares of the company’s stock, valued at $17,823,785.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GABC shares. Raymond James lifted their price objective on German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Stephens started coverage on shares of German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price objective for the company. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $48.00 in a report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, German American Bancorp presently has a consensus rating of “Hold” and an average target price of $45.25.

German American Bancorp Stock Performance

NASDAQ:GABC opened at $40.62 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. German American Bancorp, Inc. has a twelve month low of $27.23 and a twelve month high of $42.78. The company has a fifty day moving average of $39.36 and a 200-day moving average of $36.46. The firm has a market capitalization of $1.21 billion, a P/E ratio of 14.70 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $62.80 million. German American Bancorp had a net margin of 23.75% and a return on equity of 12.27%. As a group, sell-side analysts anticipate that German American Bancorp, Inc. will post 2.71 EPS for the current year.

German American Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.08 annualized dividend and a yield of 2.66%. German American Bancorp’s payout ratio is currently 38.99%.

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.