Quantbot Technologies LP Makes New $99,000 Investment in German American Bancorp, Inc. (NASDAQ:GABC)

Quantbot Technologies LP acquired a new stake in German American Bancorp, Inc. (NASDAQ:GABC) in the third quarter, HoldingsChannel.com reports. The firm acquired 2,563 shares of the bank’s stock, valued at approximately $99,000.

Several other large investors have also modified their holdings of the company. German American Bancorp Inc. raised its position in German American Bancorp by 160.1% in the 3rd quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock valued at $19,918,000 after purchasing an additional 316,400 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in German American Bancorp in the second quarter valued at $5,887,000. Royce & Associates LP raised its holdings in shares of German American Bancorp by 43.3% in the third quarter. Royce & Associates LP now owns 133,156 shares of the bank’s stock valued at $5,160,000 after buying an additional 40,219 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of German American Bancorp by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 954,536 shares of the bank’s stock worth $36,988,000 after buying an additional 32,816 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of German American Bancorp during the second quarter worth about $1,034,000. 46.90% of the stock is owned by institutional investors and hedge funds.

German American Bancorp Stock Performance

Shares of GABC stock opened at $45.04 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp, Inc. has a 12-month low of $30.10 and a 12-month high of $47.08. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 16.26 and a beta of 0.63. The stock has a 50 day simple moving average of $42.28 and a 200-day simple moving average of $38.59.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $62.80 million. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. On average, equities analysts forecast that German American Bancorp, Inc. will post 2.76 EPS for the current year.

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Sunday, November 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, November 8th. German American Bancorp’s dividend payout ratio is currently 38.99%.

Analysts Set New Price Targets

Several research firms have commented on GABC. Stephens initiated coverage on German American Bancorp in a research note on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price objective for the company. Hovde Group upgraded German American Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.40.

German American Bancorp Company 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.