US Bancorp DE increased its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 146.8% during the second quarter, Holdings Channel reports. The fund owned 22,347 shares of the bank’s stock after buying an additional 13,292 shares during the period. US Bancorp DE’s holdings in German American Bancorp were worth $762,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schroder Investment Management Group boosted its position in German American Bancorp by 29.7% in the first quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after buying an additional 767 shares in the last quarter. First Quadrant L P CA acquired a new position in German American Bancorp during the second quarter worth about $137,000. Bank of America Corp DE boosted its position in German American Bancorp by 27.8% in the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock worth $208,000 after buying an additional 958 shares in the last quarter. First Financial Corp IN boosted its position in German American Bancorp by 49.9% in the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock worth $153,000 after buying an additional 1,498 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in German American Bancorp during the fourth quarter worth about $249,000. 22.95% of the stock is owned by institutional investors.

German American Bancorp, Inc. (GABC) traded down 1.22% during trading on Friday, hitting $31.64. The stock had a trading volume of 49,148 shares. German American Bancorp, Inc. has a 52 week low of $22.88 and a 52 week high of $36.31. The company has a market cap of $725.47 million, a price-to-earnings ratio of 18.28 and a beta of 1.16. The company has a 50-day moving average of $34.19 and a 200 day moving average of $32.44.

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 the Zacks’ consensus estimate of $0.42 by $0.01. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. The company had revenue of $32.61 million during the quarter, compared to the consensus estimate of $33.20 million. On average, equities research analysts anticipate that German American Bancorp, Inc. will post $1.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, August 20th. Investors of record on Thursday, August 10th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.52 annualized dividend and a yield of 1.64%. German American Bancorp’s dividend payout ratio is currently 32.57%.

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A number of research analysts recently issued reports on the company. Zacks Investment Research raised German American Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 21st. BidaskClub raised German American Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Hilliard Lyons reissued an “underperform” rating and set a $33.00 price objective on shares of German American Bancorp in a report on Wednesday, April 26th. Finally, Sandler O’Neill cut German American Bancorp from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $33.00 to $36.00 in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.00.

About German American Bancorp

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.

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

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