German American Bancorp, Inc. (NASDAQ:GABC) Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its position in German American Bancorp, Inc. (NASDAQ:GABC) by 64.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,886 shares of the bank’s stock after purchasing an additional 13,276 shares during the period. Valeo Financial Advisors LLC’s holdings in German American Bancorp were worth $1,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CFC Planning Co LLC acquired a new position in shares of German American Bancorp in the 4th quarter worth approximately $761,000. Kentucky Trust Co bought a new position in German American Bancorp during the fourth quarter worth $362,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in German American Bancorp by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,481 shares of the bank’s stock worth $871,000 after purchasing an additional 3,391 shares during the period. SG Americas Securities LLC increased its stake in German American Bancorp by 84.4% during the fourth quarter. SG Americas Securities LLC now owns 11,747 shares of the bank’s stock valued at $472,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new stake in shares of German American Bancorp during the fourth quarter worth $577,000. 46.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GABC. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $41.00 to $48.00 in a research report on Wednesday, October 30th. Piper Sandler lowered their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised their price target on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, German American Bancorp presently has an average rating of “Hold” and an average target price of $46.40.

German American Bancorp Stock Performance

GABC opened at $40.33 on Friday. 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 business’s 50 day moving average is $40.73 and its 200-day moving average is $40.66. The stock has a market cap of $1.20 billion, a PE ratio of 14.30 and a beta of 0.64. German American Bancorp, Inc. has a twelve month low of $30.66 and a twelve month high of $47.08.

German American Bancorp (NASDAQ:GABC) last announced its earnings results 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 return on equity of 12.04% and a net margin of 23.69%. On average, analysts predict that German American Bancorp, Inc. will post 2.95 earnings per share for the current year.

German American Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Monday, February 10th. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio is currently 41.13%.

About German American Bancorp

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.