German American Bancorp, Inc. (NASDAQ:GABC) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 5.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,256 shares of the bank’s stock after acquiring an additional 3,072 shares during the period. Invesco Ltd. owned approximately 0.20% of German American Bancorp worth $2,343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GABC. Quantbot Technologies LP grew its position in shares of German American Bancorp by 15.2% during the 4th quarter. Quantbot Technologies LP now owns 2,952 shares of the bank’s stock valued at $119,000 after acquiring an additional 389 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in German American Bancorp in the 4th quarter worth about $201,000. KLP Kapitalforvaltning AS acquired a new stake in German American Bancorp in the 4th quarter worth about $217,000. LPL Financial LLC acquired a new stake in German American Bancorp in the 4th quarter worth about $235,000. Finally, AlphaQuest LLC acquired a new stake in German American Bancorp in the 4th quarter worth about $318,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GABC has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective 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 price objective on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.40.

German American Bancorp Trading Up 0.7 %

Shares of German American Bancorp stock opened at $36.77 on Tuesday. The stock has a market cap of $1.38 billion, a P/E ratio of 13.04 and a beta of 0.61. The stock’s 50 day simple moving average is $37.40 and its 200-day simple moving average is $40.27. German American Bancorp, Inc. has a 1-year low of $31.06 and a 1-year high of $47.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, May 5th. The bank reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

Insider Activity

In other news, Director Diane B. Medley purchased 1,000 shares of German American Bancorp stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $39.21 per share, with a total value of $39,210.00. Following the transaction, the director now owns 5,370 shares in the company, valued at $210,557.70. This represents a 22.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have bought 1,090 shares of company stock valued at $42,697. 6.16% of the stock is currently owned by company insiders.

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.