Victory Capital Management Inc. grew its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 112.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,555 shares of the bank’s stock after purchasing an additional 25,680 shares during the quarter. Victory Capital Management Inc. owned about 0.21% of German American Bancorp worth $1,655,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GABC. First Quadrant L P CA acquired a new position in shares of German American Bancorp during the 2nd quarter worth approximately $137,000. Smithfield Trust Co. increased its position in shares of German American Bancorp by 50.0% during the 2nd quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock worth $138,000 after purchasing an additional 1,345 shares during the last quarter. First Financial Corp IN increased its position in shares of German American Bancorp by 49.9% during the 2nd quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock worth $153,000 after purchasing an additional 1,498 shares during the last quarter. Schroder Investment Management Group increased its position in shares of German American Bancorp by 29.7% during the 1st quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after purchasing an additional 767 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of German American Bancorp by 56.3% during the 2nd quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock worth $181,000 after purchasing an additional 1,914 shares during the last quarter. 35.75% of the stock is currently owned by hedge funds and other institutional investors.

In other German American Bancorp news, Director Chris A. Ramsey purchased 1,587 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $31.55 per share, with a total value of $50,069.85. Following the completion of the transaction, the director now owns 16,140 shares of the company’s stock, valued at approximately $509,217. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 5,588 shares of company stock valued at $180,909 over the last ninety days. 8.51% of the stock is currently owned by company insiders.

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German American Bancorp, Inc. (NASDAQ GABC) opened at 32.80 on Tuesday. German American Bancorp, Inc. has a 52 week low of $24.06 and a 52 week high of $36.31. The stock’s 50 day moving average price is $33.01 and its 200 day moving average price is $32.40. The company has a market capitalization of $752.07 million, a P/E ratio of 18.95 and a beta of 1.15.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $32.61 million during the quarter, compared to the consensus estimate of $33.20 million. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. Analysts anticipate that German American Bancorp, Inc. will post $1.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, August 20th. Investors of record on Thursday, August 10th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Tuesday, August 8th. German American Bancorp’s payout ratio is 32.57%.

Several research firms have weighed in on GABC. BidaskClub lowered German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Hilliard Lyons upgraded German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 target price for the company in a research note on Thursday, May 25th. Finally, ValuEngine downgraded German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.00.

German American Bancorp 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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