German American Bancorp, Inc. (NASDAQ:GABC) Stock Holdings Lessened by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 32.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,130 shares of the bank’s stock after selling 24,583 shares during the period. Jane Street Group LLC owned 0.17% of German American Bancorp worth $1,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in German American Bancorp by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 202,717 shares of the bank’s stock worth $7,166,000 after buying an additional 8,028 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of German American Bancorp in the 2nd quarter worth about $1,034,000. Aptus Capital Advisors LLC lifted its position in German American Bancorp by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 108,371 shares of the bank’s stock valued at $3,831,000 after purchasing an additional 21,525 shares during the last quarter. Rhumbline Advisers boosted its stake in German American Bancorp by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 47,992 shares of the bank’s stock valued at $1,697,000 after purchasing an additional 1,214 shares during the period. Finally, LSV Asset Management grew its position in German American Bancorp by 303.3% in the 2nd quarter. LSV Asset Management now owns 29,300 shares of the bank’s stock worth $1,036,000 after purchasing an additional 22,035 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

Analyst Ratings Changes

GABC has been the topic of a number of recent analyst reports. Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $48.00 in a report on Wednesday, October 30th. Stephens began coverage on German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target for the company. Finally, Keefe, Bruyette & Woods raised their price target on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.40.

German American Bancorp Price Performance

NASDAQ:GABC opened at $40.96 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $43.38 and its 200 day moving average price is $39.60. German American Bancorp, Inc. has a 52-week low of $30.26 and a 52-week high of $47.08. The firm has a market cap of $1.22 billion, a P/E ratio of 14.79 and a beta of 0.63.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. The business had revenue of $62.40 million for the quarter, compared to the consensus estimate of $62.80 million. As a group, sell-side analysts predict that German American Bancorp, Inc. will post 2.76 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Friday, November 8th. German American Bancorp’s dividend payout ratio is 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.