German American Bancorp, Inc. (NASDAQ:GABC) Stock Holdings Lessened by Chatham Capital Group Inc.

Chatham Capital Group Inc. cut its position in German American Bancorp, Inc. (NASDAQ:GABC) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,526 shares of the bank’s stock after selling 900 shares during the quarter. Chatham Capital Group Inc.’s holdings in German American Bancorp were worth $1,992,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GABC. Quantbot Technologies LP bought a new stake in German American Bancorp in the 3rd quarter valued at about $99,000. BNP Paribas Financial Markets lifted its position in German American Bancorp by 6.2% in the 3rd 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 during the last quarter. Kentucky Trust Co bought a new stake in German American Bancorp in the 4th quarter valued at about $362,000. Y Intercept Hong Kong Ltd bought a new stake in German American Bancorp in the 3rd quarter valued at about $406,000. Finally, Forvis Mazars Wealth Advisors LLC lifted its position in German American Bancorp by 4.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank’s stock valued at $417,000 after purchasing an additional 405 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GABC has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of 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 lowered their target price on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.40.

German American Bancorp Stock Up 0.1 %

German American Bancorp stock opened at $38.93 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 13.80 and a beta of 0.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $39.87 and its two-hundred day moving average price is $40.85. German American Bancorp, Inc. has a 52 week low of $31.06 and a 52 week high of $47.08.

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

German American Bancorp Increases Dividend

The firm 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 2.98%. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s payout ratio is currently 41.13%.

Insider Transactions at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley acquired 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $39.21 per share, with a total value of $39,210.00. Following the purchase, the director now directly owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 1,083 shares of company stock valued at $42,607 in the last quarter. Insiders own 4.59% of the company’s stock.

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.