Dimensional Fund Advisors LP raised its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 499,361 shares of the bank’s stock after buying an additional 20,548 shares during the period. Dimensional Fund Advisors LP owned about 2.18% of German American Bancorp worth $23,640,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System purchased a new stake in shares of German American Bancorp during the fourth quarter worth approximately $249,000. State Street Corp raised its stake in shares of German American Bancorp by 13.6% in the fourth quarter. State Street Corp now owns 261,893 shares of the bank’s stock worth $13,779,000 after buying an additional 31,374 shares during the last quarter. First Trust Advisors LP raised its stake in shares of German American Bancorp by 9.6% in the first quarter. First Trust Advisors LP now owns 28,245 shares of the bank’s stock worth $1,337,000 after buying an additional 2,477 shares during the last quarter. US Bancorp DE raised its stake in shares of German American Bancorp by 0.4% in the first quarter. US Bancorp DE now owns 9,055 shares of the bank’s stock worth $429,000 after buying an additional 38 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of German American Bancorp by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 86,367 shares of the bank’s stock worth $4,088,000 after buying an additional 4,849 shares during the last quarter. 22.95% of the stock is currently owned by institutional investors.
Shares of German American Bancorp, Inc. (GABC) traded down 0.18% during mid-day trading on Tuesday, reaching $33.15. The company had a trading volume of 1,202 shares. German American Bancorp, Inc. has a 12-month low of $22.82 and a 12-month high of $36.31. The company has a market capitalization of $760.10 million, a P/E ratio of 19.15 and a beta of 1.16. The firm has a 50-day moving average of $33.95 and a 200-day moving average of $40.19.
German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, July 31st. The bank reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. German American Bancorp had a net margin of 28.12% and a return on equity of 11.75%. The company had revenue of $32.61 million during the quarter, compared to analysts’ expectations of $33.20 million. On average, equities analysts anticipate that German American Bancorp, Inc. will post $1.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, August 20th. Investors of record on Thursday, August 10th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. German American Bancorp’s payout ratio is 32.57%.
A number of analysts recently commented on GABC shares. Zacks Investment Research raised German American Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, May 31st. BidaskClub raised German American Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 target price on shares of German American Bancorp in a research report on Monday, April 10th. Sandler O’Neill lowered German American Bancorp from a “buy” rating to a “hold” rating and boosted their target price for the company from $33.00 to $36.00 in a research report on Wednesday, April 26th. Finally, Hilliard Lyons raised German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 target price for the company in a research report on Thursday, May 25th. Six research analysts have rated the stock with a hold rating, German American Bancorp currently has a consensus rating of “Hold” and an average target price of $38.00.
German American Bancorp Company Profile
German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.
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