German American Bancorp, Inc. (NASDAQ:GABC) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,369 shares of the bank’s stock after selling 593 shares during the period. Janus Henderson Group PLC’s holdings in German American Bancorp were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. German American Bancorp Inc. raised its holdings in German American Bancorp by 160.1% in the third quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock valued at $19,918,000 after acquiring an additional 316,400 shares in the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of German American Bancorp in the 2nd quarter valued at approximately $5,887,000. Royce & Associates LP raised its holdings in shares of German American Bancorp by 43.3% in the 3rd quarter. Royce & Associates LP now owns 133,156 shares of the bank’s stock valued at $5,160,000 after purchasing an additional 40,219 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of German American Bancorp by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 954,536 shares of the bank’s stock worth $36,988,000 after purchasing an additional 32,816 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of German American Bancorp during the second quarter worth $1,034,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Performance

NASDAQ GABC opened at $44.42 on Friday. The company has a fifty day moving average of $42.96 and a two-hundred day moving average of $39.05. The company has a market capitalization of $1.32 billion, a PE ratio of 16.04 and a beta of 0.63. German American Bancorp, Inc. has a 1 year low of $30.26 and a 1 year high of $47.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, October 28th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, analysts expect that German American Bancorp, Inc. will post 2.76 earnings per share for the current year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Sunday, November 10th were given a $0.27 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.08 annualized dividend and a yield of 2.43%. German American Bancorp’s dividend payout ratio (DPR) is 38.99%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. Finally, Stephens initiated coverage on German American Bancorp in a research note on Tuesday, October 15th. They set an “overweight” rating and a $45.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.40.

About German American Bancorp

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.