First Trust Advisors LP decreased its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,306 shares of the bank’s stock after selling 6,626 shares during the period. First Trust Advisors LP owned 0.13% of German American Bancorp worth $1,115,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in German American Bancorp by 56.8% during the second quarter. Vanguard Group Inc. now owns 865,786 shares of the bank’s stock worth $29,514,000 after acquiring an additional 313,778 shares during the last quarter. Franklin Resources Inc. lifted its position in German American Bancorp by 114.2% during the second quarter. Franklin Resources Inc. now owns 550,650 shares of the bank’s stock worth $18,772,000 after acquiring an additional 293,550 shares during the last quarter. FMR LLC lifted its position in German American Bancorp by 50.0% during the second quarter. FMR LLC now owns 837,597 shares of the bank’s stock worth $28,554,000 after acquiring an additional 279,199 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in German American Bancorp by 53.2% during the second quarter. Dimensional Fund Advisors LP now owns 765,212 shares of the bank’s stock worth $26,086,000 after acquiring an additional 265,851 shares during the last quarter. Finally, State Street Corp lifted its position in German American Bancorp by 57.5% during the second quarter. State Street Corp now owns 398,868 shares of the bank’s stock worth $13,597,000 after acquiring an additional 145,547 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.
Several equities research analysts have issued reports on GABC shares. Zacks Investment Research downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub cut shares of German American Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $39.75.
German American Bancorp, Inc. (NASDAQ GABC) opened at $36.07 on Thursday. German American Bancorp, Inc. has a fifty-two week low of $28.71 and a fifty-two week high of $39.02. The company has a market cap of $825.25, a P/E ratio of 22.92 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.52 dividend on an annualized basis and a yield of 1.44%. German American Bancorp’s dividend payout ratio (DPR) is 33.12%.
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German American Bancorp 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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