159,662 Shares in German American Bancorp, Inc. $GABC Bought by Focus Partners Wealth

Focus Partners Wealth purchased a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 159,662 shares of the bank’s stock, valued at approximately $5,987,000. Focus Partners Wealth owned 0.43% of German American Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GABC. Silver Oak Securities Incorporated bought a new position in shares of German American Bancorp in the first quarter worth about $28,000. SouthState Corp bought a new position in shares of German American Bancorp in the first quarter worth about $28,000. Cubist Systematic Strategies LLC bought a new position in shares of German American Bancorp in the fourth quarter worth about $35,000. KBC Group NV bought a new position in shares of German American Bancorp in the first quarter worth about $55,000. Finally, GAMMA Investing LLC increased its stake in shares of German American Bancorp by 2,933.8% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the bank’s stock worth $77,000 after purchasing an additional 1,995 shares during the period. 46.90% of the stock is currently owned by institutional investors.

Insider Transactions at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley purchased 882 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $37.95 per share, with a total value of $33,471.90. Following the completion of the transaction, the director directly owned 6,252 shares of the company’s stock, valued at approximately $237,263.40. This trade represents a 16.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 3,352 shares of company stock valued at $133,482 over the last three months. Corporate insiders own 4.59% of the company’s stock.

German American Bancorp Stock Down 0.2%

Shares of GABC opened at $40.91 on Monday. German American Bancorp, Inc. has a 52 week low of $32.75 and a 52 week high of $47.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $1.53 billion, a P/E ratio of 15.56 and a beta of 0.65. The company has a 50-day simple moving average of $40.32 and a 200-day simple moving average of $38.72.

German American Bancorp (NASDAQ:GABC) last posted its quarterly 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 firm had revenue of $91.16 million during the quarter, compared to analyst estimates of $91.93 million. On average, equities research analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

GABC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Piper Sandler lifted their price objective on German American Bancorp from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, German American Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

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.