Kennedy Capital Management LLC Purchases Shares of 197,111 German American Bancorp, Inc. (NASDAQ:GABC)

Kennedy Capital Management LLC acquired a new position in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 197,111 shares of the bank’s stock, valued at approximately $6,828,000. Kennedy Capital Management LLC owned 0.66% of German American Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of German American Bancorp by 15.7% during the 4th quarter. Franklin Resources Inc. now owns 1,305,881 shares of the bank’s stock worth $42,324,000 after buying an additional 177,399 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of German American Bancorp during the first quarter worth approximately $1,097,000. Dimensional Fund Advisors LP grew its position in shares of German American Bancorp by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,093,033 shares of the bank’s stock valued at $35,426,000 after purchasing an additional 30,050 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of German American Bancorp by 37.5% during the fourth quarter. Russell Investments Group Ltd. now owns 92,827 shares of the bank’s stock worth $3,009,000 after purchasing an additional 25,338 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in shares of German American Bancorp by 22.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 114,091 shares of the bank’s stock worth $3,698,000 after purchasing an additional 21,174 shares during the period. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GABC has been the topic of a number of research reports. Hovde Group upped their price objective on German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, May 31st. StockNews.com cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.33.

German American Bancorp Price Performance

Shares of NASDAQ:GABC remained flat at $40.75 during trading on Wednesday. The stock had a trading volume of 16,460 shares, compared to its average volume of 112,622. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.30 and a beta of 0.62. German American Bancorp, Inc. has a 1 year low of $24.85 and a 1 year high of $42.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.79 and a quick ratio of 0.79. The business’s 50 day moving average price is $34.89 and its 200 day moving average price is $33.36.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, April 29th. The bank reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $84.08 million during the quarter, compared to analysts’ expectations of $61.05 million. German American Bancorp had a net margin of 24.44% and a return on equity of 13.33%. As a group, research analysts anticipate that German American Bancorp, Inc. will post 2.5 EPS for the current year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Saturday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.08 annualized dividend and a dividend yield of 2.65%. German American Bancorp’s dividend payout ratio is 37.89%.

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.