Royce & Associates LP Has $12.76 Million Holdings in German American Bancorp, Inc. (NASDAQ:GABC)

Royce & Associates LP raised its position in German American Bancorp, Inc. (NASDAQ:GABC) by 138.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 317,221 shares of the bank’s stock after acquiring an additional 184,065 shares during the period. Royce & Associates LP owned approximately 1.07% of German American Bancorp worth $12,759,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in German American Bancorp in the third quarter valued at approximately $99,000. BNP Paribas Financial Markets boosted its position in shares of German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after buying an additional 365 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of German American Bancorp during the fourth quarter valued at approximately $318,000. Kentucky Trust Co purchased a new position in shares of German American Bancorp during the fourth quarter valued at approximately $362,000. Finally, Forvis Mazars Wealth Advisors LLC boosted its position in shares of German American Bancorp by 4.1% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank’s stock valued at $417,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Piper Sandler cut their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.40.

German American Bancorp Stock Performance

Shares of German American Bancorp stock opened at $38.77 on Tuesday. The business’s fifty day simple moving average is $39.62 and its 200 day simple moving average is $40.81. The firm has a market capitalization of $1.45 billion, a P/E ratio of 13.75 and a beta of 0.60. German American Bancorp, Inc. has a 12 month low of $31.06 and a 12 month high of $47.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. As a group, analysts anticipate that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.99%. German American Bancorp’s payout ratio is presently 41.13%.

Insider Buying and Selling at German American Bancorp

In other news, Director Diane B. Medley bought 1,000 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the completion of the purchase, the director now directly owns 5,370 shares in the company, valued at $210,557.70. This represents a 22.88 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 1,064 shares of company stock worth $41,764 over the last ninety days. 6.16% of the stock is currently owned by company insiders.

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.