SG Americas Securities LLC Buys Shares of 6,370 German American Bancorp, Inc. (NASDAQ:GABC)

SG Americas Securities LLC bought a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) 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

Several equities research analysts recently commented on GABC shares. Piper Sandler boosted their price target on German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Raymond James boosted their price target on German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stephens started coverage on German American Bancorp in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 price target for the company. Finally, StockNews.com cut German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, German American Bancorp currently has an average rating of “Hold” and an average price target of $41.75.

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) 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.