German American Bancorp, Inc. (NASDAQ:GABC) Position Decreased by L.M. Kohn & Company

L.M. Kohn & Company lowered its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,222 shares of the bank’s stock after selling 127,586 shares during the period. German American Bancorp comprises 3.8% of L.M. Kohn & Company’s portfolio, making the stock its 4th largest holding. L.M. Kohn & Company’s holdings in German American Bancorp were worth $14,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its holdings in German American Bancorp by 1.1% during the third quarter. Cerity Partners LLC now owns 30,922 shares of the bank’s stock worth $1,198,000 after buying an additional 323 shares in the last quarter. BNP Paribas Financial Markets raised its position in German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock worth $241,000 after acquiring an additional 365 shares during the last quarter. Rhumbline Advisers raised its position in German American Bancorp by 2.5% during the fourth quarter. Rhumbline Advisers now owns 47,284 shares of the bank’s stock worth $1,902,000 after acquiring an additional 1,153 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. raised its position in German American Bancorp by 2.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 62,415 shares of the bank’s stock worth $2,419,000 after acquiring an additional 1,290 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in German American Bancorp by 12.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,090 shares of the bank’s stock worth $692,000 after acquiring an additional 1,986 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

NASDAQ:GABC opened at $40.33 on Friday. The firm has a 50 day simple moving average of $40.73 and a 200-day simple moving average of $40.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The firm 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 1-year low of $30.66 and a 1-year high of $47.08.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. On average, equities analysts expect that German American Bancorp, Inc. will post 2.95 EPS for the current year.

German American Bancorp Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Piper Sandler cut their target price on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Finally, Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.40.

German American Bancorp Profile

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.