SG Americas Securities LLC Purchases Shares of 4,367 German American Bancorp, Inc. (NASDAQ:GABC)

SG Americas Securities LLC bought a new stake in German American Bancorp, Inc. (NASDAQ:GABC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,367 shares of the bank’s stock, valued at approximately $142,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in German American Bancorp in the second quarter valued at approximately $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of German American Bancorp by 185.1% during the first quarter. Tower Research Capital LLC TRC now owns 1,266 shares of the bank’s stock worth $42,000 after purchasing an additional 822 shares during the period. Captrust Financial Advisors lifted its holdings in shares of German American Bancorp by 1,473.2% during the second quarter. Captrust Financial Advisors now owns 2,234 shares of the bank’s stock worth $76,000 after purchasing an additional 2,092 shares during the period. UBS Group AG lifted its holdings in shares of German American Bancorp by 21.9% during the third quarter. UBS Group AG now owns 4,393 shares of the bank’s stock worth $156,000 after purchasing an additional 790 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of German American Bancorp by 7.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,113 shares of the bank’s stock worth $191,000 after purchasing an additional 349 shares during the period. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Price Performance

GABC stock opened at $31.41 on Wednesday. The firm has a market cap of $929.11 million, a price-to-earnings ratio of 10.76 and a beta of 0.62. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. German American Bancorp, Inc. has a 12-month low of $24.85 and a 12-month high of $34.96. The company’s fifty day simple moving average is $32.63 and its 200 day simple moving average is $30.99.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, January 29th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. German American Bancorp had a net margin of 27.10% and a return on equity of 14.26%. The business had revenue of $61.20 million for the quarter, compared to analyst estimates of $61.25 million. On average, analysts expect that German American Bancorp, Inc. will post 2.56 earnings per share for the current year.

German American Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Saturday, February 10th were paid a $0.27 dividend. This is an increase from German American Bancorp’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, February 8th. German American Bancorp’s payout ratio is 36.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GABC. Piper Sandler lifted their price target on shares of German American Bancorp from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Raymond James boosted their target price on shares of German American Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st.

Insider Buying and Selling at German American Bancorp

In related news, Director Diane B. Medley purchased 1,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $33.64 per share, with a total value of $33,640.00. Following the completion of the purchase, the director now owns 3,660 shares in the company, valued at approximately $123,122.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.59% of the company’s stock.

German American Bancorp Company 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.