Fisher Asset Management LLC Has $2.02 Million Stock Holdings in German American Bancorp, Inc. (NASDAQ:GABC)

Fisher Asset Management LLC decreased its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 5.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,111 shares of the bank’s stock after selling 2,670 shares during the quarter. Fisher Asset Management LLC owned 0.17% of German American Bancorp worth $2,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of German American Bancorp in the third quarter worth about $99,000. BNP Paribas Financial Markets lifted its position in shares of German American Bancorp by 6.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after acquiring an additional 365 shares in the last quarter. Kentucky Trust Co acquired a new position in German American Bancorp in the 4th quarter worth approximately $362,000. Y Intercept Hong Kong Ltd purchased a new position in German American Bancorp during the 3rd quarter worth approximately $406,000. Finally, Forvis Mazars Wealth Advisors LLC raised its stake in German American Bancorp by 4.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank’s stock valued at $417,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Insiders Place Their Bets

In other German American Bancorp news, Director Diane B. Medley acquired 1,000 shares of German American Bancorp stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $39.21 per share, with a total value of $39,210.00. Following the purchase, the director now owns 5,370 shares in the company, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 1,083 shares of company stock valued at $42,607 over the last ninety days. Corporate insiders own 4.59% of the company’s stock.

German American Bancorp Trading Down 0.8 %

NASDAQ GABC opened at $38.90 on Thursday. The company has a market capitalization of $1.15 billion, a PE ratio of 13.79 and a beta of 0.60. German American Bancorp, Inc. has a 1-year low of $31.06 and a 1-year 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. The firm’s fifty day simple moving average is $39.91 and its 200-day simple moving average is $40.87.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. As a group, sell-side analysts anticipate that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a $0.29 dividend. The ex-dividend date was Monday, February 10th. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.98%. German American Bancorp’s payout ratio is 41.13%.

Analysts Set New Price Targets

Several analysts have recently commented on GABC shares. Keefe, Bruyette & Woods raised their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Piper Sandler decreased their price objective on 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target 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.