Hantz Financial Services Inc. Invests $1.03 Million in German American Bancorp, Inc. (NASDAQ:GABC)

Hantz Financial Services Inc. acquired a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 29,253 shares of the bank’s stock, valued at approximately $1,034,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kennedy Capital Management LLC acquired a new position in shares of German American Bancorp in the first quarter valued at approximately $6,828,000. Franklin Resources Inc. increased its position in German American Bancorp by 15.7% in the 4th quarter. Franklin Resources Inc. now owns 1,305,881 shares of the bank’s stock valued at $42,324,000 after acquiring an additional 177,399 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of German American Bancorp during the first quarter valued at $1,097,000. Dimensional Fund Advisors LP lifted its holdings in shares of German American Bancorp by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,093,033 shares of the bank’s stock worth $35,426,000 after purchasing an additional 30,050 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of German American Bancorp by 37.5% during the fourth quarter. Russell Investments Group Ltd. now owns 92,827 shares of the bank’s stock worth $3,009,000 after purchasing an additional 25,338 shares during the period. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

GABC stock opened at $40.11 on Friday. The stock has a 50-day moving average price of $37.70 and a 200-day moving average price of $34.35. German American Bancorp, Inc. has a 1-year low of $24.85 and a 1-year high of $42.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.19 billion, a PE ratio of 14.07 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08. German American Bancorp had a return on equity of 13.33% and a net margin of 24.44%. The firm had revenue of $64.89 million during the quarter, compared to analyst estimates of $60.20 million. As a group, equities research analysts expect that German American Bancorp, Inc. will post 2.63 earnings per share for the current year.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, August 9th. German American Bancorp’s dividend payout ratio (DPR) is presently 37.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GABC. StockNews.com lowered German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Piper Sandler raised their price objective on German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Raymond James upped their target price on German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Hovde Group increased their target price on shares of German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.67.

Insider Activity at German American Bancorp

In other news, Director Diane B. Medley bought 710 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $36.37 per share, with a total value of $25,822.70. Following the transaction, the director now directly owns 4,370 shares of the company’s stock, valued at approximately $158,936.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Diane B. Medley bought 710 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $36.37 per share, with a total value of $25,822.70. Following the transaction, the director now directly owns 4,370 shares of the company’s stock, valued at approximately $158,936.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas W. Seger bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $36.80 per share, with a total value of $110,400.00. Following the completion of the transaction, the director now directly owns 484,342 shares in the company, valued at $17,823,785.60. The disclosure for this purchase can be found here. Insiders bought 4,104 shares of company stock valued at $151,040 in the last three months. Corporate insiders own 6.16% of the company’s stock.

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.