Legal & General Group Plc raised its position in German American Bancorp, Inc. (NASDAQ:GABC) by 56.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,314 shares of the bank’s stock after acquiring an additional 1,914 shares during the period. Legal & General Group Plc’s holdings in German American Bancorp were worth $181,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in shares of German American Bancorp by 29.7% in the 1st quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after acquiring an additional 767 shares during the period. First Quadrant L P CA acquired a new stake in shares of German American Bancorp in the second quarter valued at about $137,000. Smithfield Trust Co. lifted its stake in shares of German American Bancorp by 50.0% in the second quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock valued at $138,000 after purchasing an additional 1,345 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 valued at $208,000 after purchasing an additional 958 shares during the period. Finally, First Financial Corp IN lifted its stake in shares of German American Bancorp by 49.9% in the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock valued at $153,000 after purchasing an additional 1,498 shares during the period. Institutional investors own 35.75% of the company’s stock.

Several brokerages recently commented on GABC. BidaskClub cut shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, ValuEngine cut shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. German American Bancorp presently has an average rating of “Hold” and a consensus price target of $39.75.

In other German American Bancorp news, Director Chris A. Ramsey purchased 1,587 shares of the business’s stock in a transaction 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 acquisition, the director now owns 16,140 shares of the company’s stock, valued at $509,217. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 5,588 shares of company stock valued at $180,944 over the last three months. 8.51% of the stock is owned by corporate insiders.

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Shares of German American Bancorp, Inc. (NASDAQ:GABC) opened at 37.32 on Friday. The company has a 50 day moving average of $35.19 and a 200 day moving average of $33.32. German American Bancorp, Inc. has a 52 week low of $25.21 and a 52 week high of $38.44. The firm has a market cap of $855.71 million, a PE ratio of 21.56 and a beta of 1.17.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. German American Bancorp had a net margin of 28.12% and a return on equity of 11.60%. 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 fiscal year.

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.

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

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