Swiss National Bank held its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,100 shares of the bank’s stock at the end of the first quarter. Swiss National Bank owned 0.09% of German American Bancorp worth $952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of German American Bancorp by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 86,367 shares of the bank’s stock valued at $4,088,000 after buying an additional 4,849 shares in the last quarter. US Bancorp DE increased its stake in shares of German American Bancorp by 0.4% in the first quarter. US Bancorp DE now owns 9,055 shares of the bank’s stock valued at $429,000 after buying an additional 38 shares in the last quarter. First Trust Advisors LP increased its stake in shares of German American Bancorp by 9.6% in the first quarter. First Trust Advisors LP now owns 28,245 shares of the bank’s stock valued at $1,337,000 after buying an additional 2,477 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of German American Bancorp by 60.9% in the fourth quarter. Franklin Resources Inc. now owns 207,700 shares of the bank’s stock valued at $10,927,000 after buying an additional 78,600 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of German American Bancorp by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 76,300 shares of the bank’s stock valued at $4,014,000 after buying an additional 3,400 shares in the last quarter. Institutional investors own 22.71% of the company’s stock.

Shares of German American Bancorp, Inc. (NASDAQ GABC) traded down 0.30% during mid-day trading on Friday, hitting $33.32. 80,159 shares of the stock were exchanged. The company has a market capitalization of $763.99 million, a PE ratio of 19.25 and a beta of 1.16. The firm has a 50-day moving average price of $33.95 and a 200 day moving average price of $40.19. German American Bancorp, Inc. has a 12-month low of $22.61 and a 12-month high of $36.31.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $32.61 million for the quarter, compared to analysts’ expectations of $33.20 million. German American Bancorp had a return on equity of 11.75% and a net margin of 28.12%. On average, equities research analysts expect that German American Bancorp, Inc. will post $1.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, August 20th. Investors of record on Thursday, August 10th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. German American Bancorp’s dividend payout ratio (DPR) is 32.57%.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 target price on shares of German American Bancorp in a research report on Monday, April 10th. BidaskClub upgraded shares of German American Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Hilliard Lyons restated an “underperform” rating and set a $33.00 price target on shares of German American Bancorp in a report on Wednesday, April 26th. Finally, Sandler O’Neill cut shares of German American Bancorp from a “buy” rating to a “hold” rating and raised their price target for the stock from $33.00 to $36.00 in a report on Wednesday, April 26th. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $38.00.

German American Bancorp Company Profile

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

Institutional Ownership by Quarter for German American Bancorp (NASDAQ:GABC)

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