German American Bancorp, Inc. (NASDAQ:GABC) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in shares of German American Bancorp, Inc. (NASDAQ:GABC – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,650 shares of the bank’s stock after acquiring an additional 1,200 shares during the period. Swiss National Bank owned about 0.23% of German American Bancorp worth $2,523,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of German American Bancorp by 3.8% in the 4th quarter. Arizona State Retirement System now owns 7,904 shares of the bank’s stock valued at $295,000 after acquiring an additional 292 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in German American Bancorp by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,575 shares of the bank’s stock worth $669,000 after acquiring an additional 411 shares during the period. Diversified Trust Co lifted its position in German American Bancorp by 5.3% during the 4th quarter. Diversified Trust Co now owns 8,925 shares of the bank’s stock worth $333,000 after acquiring an additional 450 shares during the period. J. W. Coons Advisors LLC lifted its holdings in shares of German American Bancorp by 6.3% in the 4th quarter. J. W. Coons Advisors LLC now owns 9,910 shares of the bank’s stock valued at $370,000 after buying an additional 590 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of German American Bancorp by 6.9% in the 4th quarter. SG Americas Securities LLC now owns 10,047 shares of the bank’s stock valued at $375,000 after buying an additional 651 shares during the period. Institutional investors and hedge funds own 41.02% of the company’s stock.

German American Bancorp Stock Performance

German American Bancorp stock opened at $28.32 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a fifty day moving average of $30.48 and a two-hundred day moving average of $35.49. The company has a market capitalization of $837.42 million, a price-to-earnings ratio of 8.91 and a beta of 0.68. German American Bancorp, Inc. has a fifty-two week low of $26.03 and a fifty-two week high of $40.70.

German American Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, May 20th. Investors of record on Wednesday, May 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Tuesday, May 9th. German American Bancorp’s payout ratio is currently 31.45%.

Insider Activity at German American Bancorp

In related news, Director Thomas W. Seger acquired 6,000 shares of German American Bancorp stock in a transaction on Wednesday, May 3rd. The shares were bought at an average price of $27.67 per share, for a total transaction of $166,020.00. Following the completion of the purchase, the director now directly owns 380,949 shares in the company, valued at approximately $10,540,858.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Thomas W. Seger acquired 6,000 shares of German American Bancorp stock in a transaction on Wednesday, May 3rd. The shares were bought at an average price of $27.67 per share, for a total transaction of $166,020.00. Following the completion of the purchase, the director now directly owns 380,949 shares in the company, valued at approximately $10,540,858.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas W. Seger purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was acquired at an average price of $28.80 per share, for a total transaction of $86,400.00. Following the purchase, the director now owns 359,950 shares of the company’s stock, valued at approximately $10,366,560. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 10,870 shares of company stock worth $313,417. 6.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GABC shares. TheStreet cut German American Bancorp from a “b-” rating to a “c+” rating in a report on Friday, May 19th. StockNews.com initiated coverage on German American Bancorp in a report on Thursday, May 18th. They set a “sell” rating for the company.

German American Bancorp Company Profile

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German American Bancorp, Inc is a holding company. -engages in owning a trust, brokerage, and financial planning through German American Financial Advisors & Trust Co, and German American Insurance, Inc It operates through the following business segments: Core Banking, trust and investment advisory services, and insurance operations.