German American Bancorp, Inc. (NASDAQ:GABC) Stake Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,220 shares of the bank’s stock after acquiring an additional 365 shares during the quarter. BNP Paribas Financial Markets’ holdings in German American Bancorp were worth $241,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Cerity Partners LLC raised its holdings in shares of German American Bancorp by 1.1% during the third quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock worth $1,198,000 after acquiring an additional 323 shares in the last quarter. Pettinga Financial Advisors LLC lifted its holdings in shares of 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 buying an additional 443 shares during the last quarter. Valeo Financial Advisors LLC grew its stake 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 valued at $799,000 after buying an additional 1,097 shares in the last quarter. Rhumbline Advisers increased its holdings in German American Bancorp by 2.6% in the second quarter. Rhumbline Advisers now owns 47,992 shares of the bank’s stock worth $1,697,000 after buying an additional 1,214 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. raised its position in German American Bancorp by 2.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 62,415 shares of the bank’s stock valued at $2,419,000 after acquiring an additional 1,290 shares in the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

German American Bancorp Price Performance

Shares of GABC stock opened at $44.48 on Tuesday. German American Bancorp, Inc. has a 12 month low of $30.26 and a 12 month high of $47.08. The company has a market capitalization of $1.32 billion, a P/E ratio of 16.06 and a beta of 0.63. The stock has a 50 day moving average of $43.08 and a two-hundred day moving average of $39.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

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

German American Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were paid a $0.27 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.43%. German American Bancorp’s dividend payout ratio is currently 38.99%.

About German American Bancorp

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.