JPMorgan Chase & Co. Boosts Stock Position in German American Bancorp, Inc. (NASDAQ:GABC)

JPMorgan Chase & Co. boosted its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 154.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,850 shares of the bank’s stock after acquiring an additional 36,954 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of German American Bancorp worth $2,358,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cerity Partners LLC boosted its holdings in German American Bancorp by 1.1% during the 3rd quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock valued at $1,198,000 after acquiring an additional 323 shares during the period. BNP Paribas Financial Markets boosted its holdings in German American Bancorp by 6.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after acquiring an additional 365 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of German American Bancorp by 5.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 20,610 shares of the bank’s stock worth $799,000 after buying an additional 1,097 shares during the period. Rosenthal Henry Capital Advisors Inc. lifted its holdings in shares of German American Bancorp by 2.1% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 62,415 shares of the bank’s stock worth $2,419,000 after buying an additional 1,290 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of German American Bancorp by 12.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,090 shares of the bank’s stock worth $692,000 after buying an additional 1,986 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GABC shares. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $43.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens started coverage on German American Bancorp in a report on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 target price for the company. Finally, Hovde Group upgraded German American Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $48.00 in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, German American Bancorp currently has a consensus rating of “Hold” and an average target price of $45.40.

German American Bancorp Trading Up 0.0 %

Shares of NASDAQ GABC opened at $39.76 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $1.18 billion, a P/E ratio of 14.35 and a beta of 0.65. German American Bancorp, Inc. has a 1-year low of $30.66 and a 1-year high of $47.08. The business has a fifty day moving average price of $42.46 and a 200 day moving average price of $40.44.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $62.80 million. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. Equities research analysts expect that German American Bancorp, Inc. will post 2.76 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Sunday, November 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, November 8th. German American Bancorp’s dividend payout ratio (DPR) is currently 38.99%.

German American Bancorp Company 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.