Dimensional Fund Advisors LP Purchases 14,478 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

Dimensional Fund Advisors LP boosted its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,129,575 shares of the bank’s stock after purchasing an additional 14,478 shares during the period. Dimensional Fund Advisors LP owned about 3.81% of German American Bancorp worth $39,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pettinga Financial Advisors LLC increased its position in German American Bancorp by 6.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock valued at $258,000 after acquiring an additional 443 shares in the last quarter. Chatham Capital Group Inc. boosted its position in German American Bancorp by 1.7% in the 2nd quarter. Chatham Capital Group Inc. now owns 50,316 shares of the bank’s stock valued at $1,779,000 after buying an additional 840 shares during the last quarter. Rhumbline Advisers increased its stake in shares of German American Bancorp by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 47,992 shares of the bank’s stock valued at $1,697,000 after buying an additional 1,214 shares during the period. EntryPoint Capital LLC raised its position in shares of German American Bancorp by 186.2% during the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock worth $71,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Diversified Trust Co raised its position in shares of German American Bancorp by 20.6% during the first quarter. Diversified Trust Co now owns 12,002 shares of the bank’s stock worth $416,000 after acquiring an additional 2,050 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at German American Bancorp

In related news, Director Thomas W. Seger bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the director now owns 484,342 shares of the company’s stock, valued at approximately $17,823,785.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Thomas W. Seger bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $36.80 per share, with a total value of $110,400.00. Following the completion of the purchase, the director now owns 484,342 shares of the company’s stock, valued at $17,823,785.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Diane B. Medley purchased 710 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $36.37 per share, for a total transaction of $25,822.70. Following the completion of the transaction, the director now directly owns 4,370 shares of the company’s stock, valued at approximately $158,936.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 4,078 shares of company stock valued at $150,203. Corporate insiders own 6.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GABC shares. StockNews.com cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Piper Sandler lifted their target price on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Raymond James upped their target price on shares of German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, German American Bancorp has a consensus rating of “Hold” and an average price target of $40.67.

German American Bancorp Stock Up 1.3 %

Shares of NASDAQ GABC opened at $38.75 on Tuesday. German American Bancorp, Inc. has a 52-week low of $24.85 and a 52-week high of $42.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.15 billion, a P/E ratio of 13.60 and a beta of 0.62. The firm has a 50 day moving average price of $38.98 and a 200 day moving average price of $35.33.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, July 29th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. German American Bancorp had a net margin of 24.44% and a return on equity of 12.97%. The company had revenue of $64.89 million during the quarter, compared to analyst estimates of $60.20 million. Analysts expect that German American Bancorp, Inc. will post 2.7 EPS for the current year.

German American Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Saturday, August 10th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Friday, August 9th. German American Bancorp’s dividend payout ratio (DPR) is currently 37.89%.

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.