Morgan Dempsey Capital Management LLC increased its position in German American Bancorp, Inc. (NASDAQ:GABC) by 129.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,827 shares of the bank’s stock after buying an additional 30,337 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in German American Bancorp were worth $1,835,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its position 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. Spark Investment Management LLC raised its position in shares of German American Bancorp by 2.5% in the second quarter. Spark Investment Management LLC now owns 12,200 shares of the bank’s stock worth $415,000 after buying an additional 300 shares during the last quarter. American International Group Inc. raised its position 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 raised its position 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. Finally, Bank of America Corp DE raised its position in shares of German American Bancorp by 27.8% in the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock worth $208,000 after buying an additional 958 shares during the last quarter. Institutional investors own 22.95% of the company’s stock.

Shares of German American Bancorp, Inc. (GABC) opened at 33.01 on Wednesday. German American Bancorp, Inc. has a 1-year low of $30.32 and a 1-year high of $54.46. The company’s 50 day moving average is $34.06 and its 200-day moving average is $40.05. The company has a market capitalization of $756.89 million, a P/E ratio of 19.07 and a beta of 1.16.

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

The company also recently declared a quarterly dividend, which will be paid on Sunday, August 20th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.52 annualized dividend and a yield of 1.58%. German American Bancorp’s payout ratio is 32.57%.

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A number of equities analysts have recently issued reports on the stock. BidaskClub lowered shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Sandler O’Neill lowered shares of German American Bancorp from a “buy” rating to a “hold” rating and upped their target price for the stock from $33.00 to $36.00 in a research report on Wednesday, April 26th. Finally, Hilliard Lyons upgraded 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 investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $38.00.

About German American Bancorp

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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