Smithfield Trust Co. boosted its stake in German American Bancorp, Inc. (NASDAQ:GABC) by 50.0% during the second quarter, Holdings Channel reports. The fund owned 4,035 shares of the bank’s stock after buying an additional 1,345 shares during the period. Smithfield Trust Co.’s holdings in German American Bancorp were worth $138,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of German American Bancorp by 9.2% in the first quarter. Vanguard Group Inc. now owns 552,008 shares of the bank’s stock valued at $26,132,000 after buying an additional 46,631 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of German American Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 499,361 shares of the bank’s stock valued at $23,640,000 after buying an additional 20,548 shares during the last quarter. State Street Corp boosted its stake in shares of German American Bancorp by 13.6% in the fourth quarter. State Street Corp now owns 261,893 shares of the bank’s stock valued at $13,779,000 after buying an additional 31,374 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of German American Bancorp by 7.5% in the first quarter. Geode Capital Management LLC now owns 115,711 shares of the bank’s stock valued at $5,477,000 after buying an additional 8,055 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of German American Bancorp by 33.3% in the first quarter. Renaissance Technologies LLC now owns 101,700 shares of the bank’s stock valued at $4,814,000 after buying an additional 25,400 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. (GABC) opened at 32.65 on Thursday. The stock has a market capitalization of $748.63 million, a PE ratio of 18.86 and a beta of 1.16. The firm has a 50-day moving average price of $34.15 and a 200 day moving average price of $32.45. German American Bancorp, Inc. has a one year low of $22.87 and a one year high of $36.31.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, July 31st. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The company 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 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, August 20th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, August 8th. German American Bancorp’s payout ratio is 32.57%.

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GABC has been the subject of several research reports. Hilliard Lyons upgraded German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 price target for the company in a research report on Thursday, May 25th. Zacks Investment Research cut German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub cut German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Sandler O’Neill cut German American Bancorp from a “buy” rating to a “hold” rating and boosted their price target for the stock from $33.00 to $36.00 in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average 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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