Valeo Financial Advisors LLC Increases Stake in German American Bancorp, Inc. (NASDAQ:GABC)

Valeo Financial Advisors LLC increased its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 64.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,886 shares of the bank’s stock after acquiring an additional 13,276 shares during the period. Valeo Financial Advisors LLC owned approximately 0.11% of German American Bancorp worth $1,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of German American Bancorp during the 3rd quarter valued at $597,000. Barclays PLC boosted its holdings in German American Bancorp by 577.6% in the third quarter. Barclays PLC now owns 69,271 shares of the bank’s stock valued at $2,684,000 after acquiring an additional 59,048 shares during the last quarter. State Street Corp grew its position in German American Bancorp by 6.9% during the third quarter. State Street Corp now owns 772,675 shares of the bank’s stock valued at $29,941,000 after acquiring an additional 50,206 shares during the period. JPMorgan Chase & Co. increased its stake in German American Bancorp by 154.6% during the third quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank’s stock worth $2,358,000 after acquiring an additional 36,954 shares during the last quarter. Finally, German American Bancorp Inc. raised its holdings in shares of German American Bancorp by 160.1% in the 3rd quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock worth $19,918,000 after purchasing an additional 316,400 shares during the period. Institutional investors and hedge funds own 46.90% of the company’s stock.

German American Bancorp Trading Down 0.5 %

NASDAQ GABC opened at $40.33 on Friday. The company’s fifty day simple moving average is $40.73 and its 200-day simple moving average is $40.66. The stock has a market cap of $1.20 billion, a P/E ratio of 14.30 and a beta of 0.64. German American Bancorp, Inc. has a 52 week low of $30.66 and a 52 week 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 posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Equities research analysts predict that German American Bancorp, Inc. will post 2.95 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.29 per share. The ex-dividend date is Monday, February 10th. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.88%. German American Bancorp’s payout ratio is currently 41.13%.

Analyst Ratings Changes

A number of research firms recently issued reports on GABC. Piper Sandler dropped their target price on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the company from $41.00 to $48.00 in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, German American Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.40.

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.