Kentucky Trust Co Invests $362,000 in German American Bancorp, Inc. (NASDAQ:GABC)

Kentucky Trust Co acquired a new position in German American Bancorp, Inc. (NASDAQ:GABC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,000 shares of the bank’s stock, valued at approximately $362,000.

A number of other institutional investors have also made changes to their positions in GABC. Quantbot Technologies LP bought a new stake in German American Bancorp during the third quarter worth $99,000. BNP Paribas Financial Markets raised its position in German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock worth $241,000 after acquiring an additional 365 shares in the last quarter. SG Americas Securities LLC bought a new stake in German American Bancorp during the third quarter worth $247,000. Semanteon Capital Management LP bought a new stake in German American Bancorp during the third quarter worth $346,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in German American Bancorp during the third quarter worth $406,000. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Price Performance

Shares of GABC opened at $40.92 on Wednesday. The firm has a market capitalization of $1.21 billion, a PE ratio of 14.51 and a beta of 0.64. The company’s 50-day moving average is $41.03 and its 200-day moving average is $40.67. German American Bancorp, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $47.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Equities analysts forecast that German American Bancorp, Inc. will post 2.95 EPS for the current year.

German American Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be paid a $0.29 dividend. The ex-dividend date is Monday, February 10th. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.83%. German American Bancorp’s dividend payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of 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 dropped their price target on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Hovde Group raised shares of 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. Finally, Stephens began coverage on shares of German American Bancorp in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, German American Bancorp presently has an average rating of “Hold” and a consensus price target of $46.40.

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.