Swiss National Bank Has $2.46 Million Position in German American Bancorp, Inc. $GABC

Swiss National Bank raised its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,550 shares of the bank’s stock after purchasing an additional 7,200 shares during the quarter. Swiss National Bank owned 0.18% of German American Bancorp worth $2,458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in German American Bancorp by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,185 shares of the bank’s stock worth $912,000 after purchasing an additional 2,704 shares in the last quarter. KBC Group NV bought a new stake in shares of German American Bancorp during the first quarter worth $55,000. Onyx Bridge Wealth Group LLC acquired a new position in shares of German American Bancorp during the first quarter worth $254,000. Bank of America Corp DE increased its holdings in shares of German American Bancorp by 28.0% during the fourth quarter. Bank of America Corp DE now owns 36,931 shares of the bank’s stock worth $1,485,000 after buying an additional 8,081 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of German American Bancorp by 4.5% in the 1st quarter. Cerity Partners LLC now owns 27,423 shares of the bank’s stock valued at $1,028,000 after acquiring an additional 1,176 shares during the last quarter. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Price Performance

GABC stock opened at $41.79 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 15.89 and a beta of 0.62. The company’s fifty day simple moving average is $39.43 and its 200 day simple moving average is $38.60. German American Bancorp, Inc. has a 12-month low of $32.75 and a 12-month high of $47.08.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, July 28th. The bank reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. German American Bancorp had a net margin of 20.84% and a return on equity of 11.59%. The business had revenue of $91.16 million for the quarter, compared to analyst estimates of $91.93 million. On average, analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Sunday, August 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 8th. German American Bancorp’s dividend payout ratio (DPR) is presently 44.11%.

Analyst Upgrades and Downgrades

GABC has been the subject of several research reports. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Piper Sandler raised their price objective on shares of German American Bancorp from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, German American Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Insiders Place Their Bets

In other German American Bancorp news, Director Diane B. Medley bought 882 shares of German American Bancorp stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $37.95 per share, with a total value of $33,471.90. Following the completion of the acquisition, the director directly owned 6,252 shares in the company, valued at approximately $237,263.40. The trade was a 16.42% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought 3,580 shares of company stock worth $142,096 in the last 90 days. 6.16% of the stock is currently owned by insiders.

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.