BNP Paribas Financial Markets grew its position in shares of German American Bancorp, Inc. (NASDAQ:GABC – Free Report) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,220 shares of the bank’s stock after buying an additional 365 shares during the quarter. BNP Paribas Financial Markets’ holdings in German American Bancorp were worth $241,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of German American Bancorp in the third quarter valued at $99,000. Renaissance Technologies LLC bought a new stake in German American Bancorp during the 2nd quarter worth about $207,000. SG Americas Securities LLC acquired a new stake in German American Bancorp in the 3rd quarter valued at about $247,000. Pettinga Financial Advisors LLC raised its stake in shares of German American Bancorp by 6.5% in the second quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock worth $258,000 after acquiring an additional 443 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in shares of German American Bancorp in the third quarter worth about $346,000. Institutional investors and hedge funds own 46.90% of the company’s stock.
German American Bancorp Trading Up 0.1 %
Shares of NASDAQ GABC opened at $44.48 on Tuesday. German American Bancorp, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $47.08. The firm has a market capitalization of $1.32 billion, a P/E ratio of 16.06 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $43.08 and its 200 day simple moving average is $39.19.
German American Bancorp (NASDAQ:GABC – Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. The company had revenue of $62.40 million for the quarter, compared to the consensus estimate of $62.80 million. On average, analysts predict that German American Bancorp, Inc. will post 2.76 EPS for the current year.
German American Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.43%. German American Bancorp’s payout ratio is currently 38.99%.
Analyst Ratings Changes
Several research firms have recently commented on GABC. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the company from $41.00 to $48.00 in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens assumed coverage on German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.40.
Check Out Our Latest Analysis on German American Bancorp
German American Bancorp Profile
(Free Report)
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.
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