German American Bancorp, Inc. (NASDAQ:GABC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,646 shares of the bank’s stock after selling 2,428 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of German American Bancorp worth $1,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GABC. German American Bancorp Inc. lifted its position in German American Bancorp by 160.1% in the third quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock valued at $19,918,000 after buying an additional 316,400 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in German American Bancorp in the 2nd quarter valued at approximately $5,887,000. Royce & Associates LP raised its position in German American Bancorp by 43.3% in the third quarter. Royce & Associates LP now owns 133,156 shares of the bank’s stock valued at $5,160,000 after purchasing an additional 40,219 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in German American Bancorp by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 954,536 shares of the bank’s stock worth $36,988,000 after purchasing an additional 32,816 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in shares of German American Bancorp during the second quarter worth $1,034,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Stock Up 0.1 %

GABC opened at $44.48 on Tuesday. The business has a 50 day moving average price of $43.08 and a two-hundred day moving average price of $39.19. German American Bancorp, Inc. has a 52 week low of $30.26 and a 52 week high of $47.08. The company has a market cap of $1.32 billion, a PE ratio of 16.06 and a beta of 0.63. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27.

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, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $62.40 million during the quarter, compared to the consensus estimate of $62.80 million. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. As a group, research analysts anticipate that German American Bancorp, Inc. will post 2.76 EPS for the current 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 paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.43%. German American Bancorp’s dividend payout ratio (DPR) is 38.99%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GABC shares. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $48.00 in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Stephens began coverage on German American Bancorp in a report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, German American Bancorp has an average rating of “Hold” and a consensus target price of $45.40.

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.