German American Bancorp, Inc. (NASDAQ:GABC) is L.M. Kohn & Company’s 3rd Largest Position

L.M. Kohn & Company raised its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 34.7% during the first quarter, Holdings Channel.com reports. The firm owned 490,458 shares of the bank’s stock after purchasing an additional 126,236 shares during the period. German American Bancorp makes up 4.8% of L.M. Kohn & Company’s holdings, making the stock its 3rd biggest holding. L.M. Kohn & Company’s holdings in German American Bancorp were worth $18,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its holdings in German American Bancorp by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 1,748,772 shares of the bank’s stock valued at $70,336,000 after buying an additional 40,642 shares during the period. Dimensional Fund Advisors LP increased its position in shares of German American Bancorp by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,813 shares of the bank’s stock valued at $45,884,000 after acquiring an additional 8,659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of German American Bancorp by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank’s stock valued at $40,195,000 after acquiring an additional 44,845 shares during the period. Royce & Associates LP raised its stake in shares of German American Bancorp by 138.2% in the 4th quarter. Royce & Associates LP now owns 317,221 shares of the bank’s stock valued at $12,759,000 after acquiring an additional 184,065 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of German American Bancorp by 5.0% in the 4th quarter. Northern Trust Corp now owns 277,393 shares of the bank’s stock worth $11,157,000 after acquiring an additional 13,330 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on German American Bancorp from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.20.

German American Bancorp Trading Down 0.2%

Shares of GABC stock opened at $36.80 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp, Inc. has a fifty-two week low of $32.61 and a fifty-two week high of $47.08. The stock has a market capitalization of $1.38 billion, a P/E ratio of 14.84 and a beta of 0.59. The company has a 50 day moving average price of $37.76 and a 200 day moving average price of $39.08.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $81.41 million during the quarter, compared to analyst estimates of $79.60 million. German American Bancorp had a return on equity of 11.53% and a net margin of 19.78%. Equities research analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.15%. The ex-dividend date was Friday, May 9th. German American Bancorp’s dividend payout ratio (DPR) is presently 46.77%.

Insider Buying and Selling at German American Bancorp

In other news, Director Jason M. Kelly sold 2,515 shares of German American Bancorp stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $39.55, for a total transaction of $99,468.25. Following the sale, the director now owns 11,673 shares in the company, valued at approximately $461,667.15. The trade was a 17.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 341 shares of company stock worth $13,002 over the last three months. Insiders own 6.16% of the company’s stock.

German American Bancorp Company Profile

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.