German American Bancorp, Inc. $GABC Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in German American Bancorp, Inc. (NASDAQ:GABC) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,390 shares of the bank’s stock after selling 276 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.08% of German American Bancorp worth $1,237,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in German American Bancorp by 20.4% in the first quarter. Vanguard Group Inc. now owns 2,106,784 shares of the bank’s stock valued at $79,004,000 after purchasing an additional 357,360 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in German American Bancorp by 11.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,109,170 shares of the bank’s stock valued at $41,594,000 after purchasing an additional 109,789 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of German American Bancorp in the first quarter valued at $19,336,000. L.M. Kohn & Company lifted its position in shares of German American Bancorp by 34.7% in the first quarter. L.M. Kohn & Company now owns 490,458 shares of the bank’s stock valued at $18,392,000 after acquiring an additional 126,236 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of German American Bancorp by 35.5% in the first quarter. Royce & Associates LP now owns 429,760 shares of the bank’s stock valued at $16,116,000 after acquiring an additional 112,539 shares in the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

Insider Activity

In related news, Director Diane B. Medley bought 882 shares of the stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $37.95 per share, for a total transaction of $33,471.90. Following the completion of the purchase, the director owned 6,252 shares in the company, valued at $237,263.40. This represents a 16.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 3,352 shares of company stock valued at $133,482 in the last ninety days. 4.59% of the stock is currently owned by company insiders.

German American Bancorp Stock Performance

Shares of NASDAQ:GABC opened at $39.27 on Wednesday. The firm has a market capitalization of $1.47 billion, a PE ratio of 14.93 and a beta of 0.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50-day moving average of $40.22 and a two-hundred day moving average of $38.84. 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 announced its quarterly earnings results on Monday, July 28th. The bank reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $91.16 million during the quarter, compared to analyst estimates of $91.93 million. German American Bancorp had a return on equity of 11.59% and a net margin of 20.84%. As a group, research analysts forecast that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Sunday, August 10th were paid a $0.29 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. German American Bancorp’s dividend payout ratio (DPR) is 44.11%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GABC. 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 upped their price objective on German American Bancorp from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, German American Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

About German American Bancorp

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.