Rhumbline Advisers Buys 1,153 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

Rhumbline Advisers increased its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,284 shares of the bank’s stock after purchasing an additional 1,153 shares during the quarter. Rhumbline Advisers owned 0.16% of German American Bancorp worth $1,902,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of German American Bancorp in the 3rd quarter valued at approximately $99,000. BNP Paribas Financial Markets raised its position in German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after purchasing an additional 365 shares in the last quarter. Kentucky Trust Co acquired a new position in German American Bancorp during the fourth quarter valued at approximately $362,000. Y Intercept Hong Kong Ltd bought a new stake in German American Bancorp during the third quarter worth $406,000. Finally, SG Americas Securities LLC boosted its holdings in shares of German American Bancorp by 84.4% in the 4th quarter. SG Americas Securities LLC now owns 11,747 shares of the bank’s stock valued at $472,000 after purchasing an additional 5,377 shares in the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Stock Up 0.8 %

Shares of NASDAQ:GABC opened at $40.25 on Tuesday. German American Bancorp, Inc. has a 52-week low of $31.06 and a 52-week high of $47.08. The company has a market capitalization of $1.19 billion, a PE ratio of 14.27 and a beta of 0.64. 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 fifty day moving average of $39.94 and a 200-day moving average of $40.86.

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

German American Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were paid a $0.29 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.16 annualized dividend and a dividend yield of 2.88%. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio is currently 41.13%.

Insider Activity at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the transaction, the director now owns 5,370 shares in the company, valued at $210,557.70. The trade was a 22.88 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 1,083 shares of company stock worth $42,607 in the last quarter. 6.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GABC shares. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Piper Sandler lowered their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.40.

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.