Aptus Capital Advisors LLC Buys 25,753 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

Aptus Capital Advisors LLC lifted its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 23.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 134,124 shares of the bank’s stock after buying an additional 25,753 shares during the quarter. Aptus Capital Advisors LLC’s holdings in German American Bancorp were worth $5,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EntryPoint Capital LLC grew its position in shares of German American Bancorp by 186.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after purchasing an additional 1,339 shares during the period. Renaissance Technologies LLC acquired a new position in shares of German American Bancorp in the 2nd quarter valued at approximately $207,000. SG Americas Securities LLC acquired a new position in shares of German American Bancorp in the 3rd quarter valued at approximately $247,000. Pettinga Financial Advisors LLC grew its position in shares of German American Bancorp by 6.5% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock valued at $258,000 after purchasing an additional 443 shares during the period. Finally, Semanteon Capital Management LP acquired a new position in shares of German American Bancorp in the 3rd quarter valued at approximately $346,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GABC has been the subject of a number of recent research reports. Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. StockNews.com downgraded German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Raymond James upped their price target on German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stephens initiated coverage on German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target for the company. Finally, Piper Sandler upped their price target on German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.25.

German American Bancorp Stock Up 0.3 %

GABC stock opened at $46.26 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.83. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.70 and a beta of 0.61. The business’s fifty day moving average price is $39.98 and its two-hundred day moving average price is $37.04. German American Bancorp, Inc. has a fifty-two week low of $27.23 and a fifty-two week high of $46.58.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $62.80 million. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. On average, equities analysts anticipate that German American Bancorp, Inc. will post 2.75 earnings per share for the current year.

German American Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, November 8th. German American Bancorp’s dividend payout ratio (DPR) is currently 38.99%.

German American Bancorp 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.