California Public Employees Retirement System reduced its position in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 11.4% during the first quarter, Holdings Channel reports. The firm owned 26,300 shares of the bank’s stock after selling 3,400 shares during the period. California Public Employees Retirement System’s holdings in German American Bancorp were worth $1,245,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. US Bancorp DE boosted its stake in shares of German American Bancorp by 0.4% in the first quarter. US Bancorp DE now owns 9,055 shares of the bank’s stock worth $429,000 after buying an additional 38 shares during the last quarter. American International Group Inc. boosted its stake in shares of German American Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 8,749 shares of the bank’s stock worth $414,000 after buying an additional 587 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of German American Bancorp by 29.7% in the first quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after buying an additional 767 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of German American Bancorp by 4.7% in the first quarter. Teachers Advisors LLC now owns 24,032 shares of the bank’s stock worth $1,138,000 after buying an additional 1,069 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of German American Bancorp by 9.6% in the first quarter. First Trust Advisors LP now owns 28,245 shares of the bank’s stock worth $1,337,000 after buying an additional 2,477 shares during the last quarter. Hedge funds and other institutional investors own 22.95% of the company’s stock.

Shares of German American Bancorp, Inc. (NASDAQ GABC) opened at 33.25 on Wednesday. German American Bancorp, Inc. has a 12-month low of $30.32 and a 12-month high of $54.46. The stock has a 50 day moving average of $34.06 and a 200 day moving average of $40.05. The company has a market cap of $762.39 million, a price-to-earnings ratio of 19.21 and a beta of 1.16.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, July 31st. The bank reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $32.61 million during the quarter, compared to the consensus estimate of $33.20 million. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. On average, equities analysts expect that German American Bancorp, Inc. will post $1.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, August 20th. Shareholders of record on Thursday, August 10th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. German American Bancorp’s dividend payout ratio (DPR) is presently 32.57%.

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GABC has been the topic of a number of research reports. Zacks Investment Research lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub lowered shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Hilliard Lyons raised shares of German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 target price on the stock in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.00.

German American Bancorp Company 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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