GSA Capital Partners LLP Purchases New Position in German American Bancorp, Inc. (NASDAQ:GABC)

GSA Capital Partners LLP bought a new stake in German American Bancorp, Inc. (NASDAQ:GABC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,350 shares of the bank’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of German American Bancorp by 9.2% in the first quarter. Vanguard Group Inc. now owns 552,008 shares of the bank’s stock valued at $26,132,000 after purchasing an additional 46,631 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of German American Bancorp by 114.2% in the second quarter. Franklin Resources Inc. now owns 550,650 shares of the bank’s stock valued at $18,772,000 after purchasing an additional 293,550 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of German American Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 499,361 shares of the bank’s stock valued at $23,640,000 after purchasing an additional 20,548 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of German American Bancorp by 49.6% in the second quarter. Wedge Capital Management L L P NC now owns 142,422 shares of the bank’s stock valued at $4,855,000 after purchasing an additional 47,218 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of German American Bancorp by 52.5% in the second quarter. Bank of New York Mellon Corp now owns 131,749 shares of the bank’s stock valued at $4,491,000 after purchasing an additional 45,382 shares during the last quarter. Institutional investors and hedge funds own 36.33% of the company’s stock.

Several equities research analysts recently commented on the company. BidaskClub cut German American Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut German American Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine cut German American Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. German American Bancorp currently has a consensus rating of “Hold” and an average price target of $39.75.

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Shares of German American Bancorp, Inc. (NASDAQ:GABC) opened at 38.75 on Friday. The firm’s 50-day moving average price is $36.37 and its 200 day moving average price is $33.70. German American Bancorp, Inc. has a 1-year low of $25.52 and a 1-year high of $39.02. The firm has a market cap of $888.50 million, a PE ratio of 22.39 and a beta of 1.17.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. The company had revenue of $32.61 million for the quarter, compared to analyst estimates of $33.20 million. On average, equities research analysts forecast that German American Bancorp, Inc. will post $1.72 EPS for the current fiscal year.

In other German American Bancorp news, Director Chris A. Ramsey purchased 1,587 shares of German American Bancorp stock in a transaction on Friday, August 11th. The shares were bought at an average price of $31.55 per share, with a total value of $50,069.85. Following the purchase, the director now directly owns 16,140 shares in the company, valued at approximately $509,217. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have acquired 5,029 shares of company stock worth $161,641. Corporate insiders own 8.51% of the company’s stock.

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.

Institutional Ownership by Quarter for German American Bancorp (NASDAQ:GABC)

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