Quantbot Technologies LP Purchases 389 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

Quantbot Technologies LP grew its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,952 shares of the bank’s stock after acquiring an additional 389 shares during the quarter. Quantbot Technologies LP’s holdings in German American Bancorp were worth $119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GABC. Cerity Partners LLC boosted its holdings in German American Bancorp by 1.1% in the 3rd quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock valued at $1,198,000 after purchasing an additional 323 shares during the period. BNP Paribas Financial Markets raised its position in shares of German American Bancorp by 6.2% in the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after buying an additional 365 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its stake in shares of German American Bancorp by 4.1% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank’s stock valued at $417,000 after buying an additional 405 shares during the period. PNC Financial Services Group Inc. grew its position in German American Bancorp by 3.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,625 shares of the bank’s stock worth $950,000 after buying an additional 821 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in German American Bancorp by 2.5% during the 4th quarter. Rhumbline Advisers now owns 47,284 shares of the bank’s stock worth $1,902,000 after acquiring an additional 1,153 shares during the period. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Diane B. Medley bought 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, with a total value of $39,210.00. Following the acquisition, the director now owns 5,370 shares of the company’s stock, valued at $210,557.70. This represents a 22.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders bought 1,086 shares of company stock worth $42,621. Insiders own 6.16% of the company’s stock.

German American Bancorp Trading Down 0.5 %

Shares of GABC stock opened at $37.50 on Tuesday. German American Bancorp, Inc. has a fifty-two week low of $31.06 and a fifty-two week high of $47.08. The stock’s fifty day moving average price is $39.49 and its two-hundred day moving average price is $40.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $1.40 billion, a PE ratio of 13.30 and a beta of 0.60.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Equities analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.09%. German American Bancorp’s dividend payout ratio is 41.13%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GABC shares. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Piper Sandler cut their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.40.

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.