German American Bancorp, Inc. (NASDAQ:GABC) Shares Purchased by LSV Asset Management

LSV Asset Management boosted its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 96.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,265 shares of the bank’s stock after buying an additional 3,565 shares during the period. LSV Asset Management’s holdings in German American Bancorp were worth $252,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GABC. Franklin Resources Inc. raised its holdings in shares of German American Bancorp by 15.7% in the 4th quarter. Franklin Resources Inc. now owns 1,305,881 shares of the bank’s stock worth $42,324,000 after purchasing an additional 177,399 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in German American Bancorp during the 1st quarter valued at approximately $1,097,000. Dimensional Fund Advisors LP grew its stake in German American Bancorp by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,093,033 shares of the bank’s stock valued at $35,426,000 after purchasing an additional 30,050 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of German American Bancorp by 37.5% in the 4th quarter. Russell Investments Group Ltd. now owns 92,827 shares of the bank’s stock worth $3,009,000 after acquiring an additional 25,338 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of German American Bancorp by 22.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 114,091 shares of the bank’s stock worth $3,698,000 after acquiring an additional 21,174 shares in the last quarter. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

German American Bancorp Stock Up 1.1 %

GABC opened at $36.74 on Monday. The stock’s fifty day moving average is $33.13 and its 200-day moving average is $32.69. The company has a market capitalization of $1.09 billion, a PE ratio of 12.89 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 0.79. German American Bancorp, Inc. has a one year low of $24.85 and a one year high of $37.03.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, April 29th. The bank reported $0.64 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.64. The company had revenue of $84.08 million for the quarter, compared to analyst estimates of $61.05 million. German American Bancorp had a return on equity of 13.68% and a net margin of 25.83%. On average, equities analysts predict that German American Bancorp, Inc. will post 2.5 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.94%. German American Bancorp’s dividend payout ratio is 37.89%.

Analyst Upgrades and Downgrades

GABC has been the subject of a number of analyst reports. Hovde Group boosted their price objective on German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, May 31st. StockNews.com raised German American Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.33.

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.