Silver Oak Securities Incorporated Invests $28,000 in German American Bancorp, Inc. (NASDAQ:GABC)

Silver Oak Securities Incorporated bought a new position in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the first quarter, Holdings Channel reports. The institutional investor bought 734 shares of the bank’s stock, valued at approximately $28,000.

Several other institutional investors have also recently added to or reduced their stakes in GABC. Brown Miller Wealth Management LLC increased its holdings in shares of German American Bancorp by 96.1% during the first quarter. Brown Miller Wealth Management LLC now owns 34,369 shares of the bank’s stock worth $1,289,000 after buying an additional 16,843 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in German American Bancorp by 1.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,666 shares of the bank’s stock worth $1,150,000 after acquiring an additional 375 shares during the last quarter. Everhart Financial Group Inc. acquired a new stake in German American Bancorp during the 1st quarter valued at $447,000. Chatham Capital Group Inc. increased its holdings in German American Bancorp by 4.6% during the 1st quarter. Chatham Capital Group Inc. now owns 51,796 shares of the bank’s stock valued at $1,942,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Rhumbline Advisers raised its position in German American Bancorp by 11.9% in the 1st quarter. Rhumbline Advisers now owns 52,893 shares of the bank’s stock valued at $1,983,000 after purchasing an additional 5,609 shares during the last quarter. 46.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

German American Bancorp Price Performance

GABC opened at $36.88 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $1.38 billion, a P/E ratio of 14.87 and a beta of 0.59. The company’s 50 day simple moving average is $37.81 and its 200-day simple moving average is $39.02. German American Bancorp, Inc. has a one year low of $32.61 and a one year high of $47.08.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $81.41 million for the quarter, compared to the consensus estimate of $79.60 million. German American Bancorp had a return on equity of 11.53% and a net margin of 19.78%. Sell-side analysts anticipate that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.15%. German American Bancorp’s payout ratio is currently 46.77%.

Insider Activity

In other German American Bancorp news, Director Jason M. Kelly sold 2,515 shares of the business’s 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 completion of the sale, the director now directly owns 11,673 shares of the company’s stock, valued at approximately $461,667.15. The trade was a 17.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 341 shares of company stock valued at $13,002 over the last 90 days. 6.16% of the stock is owned by company insiders.

German American Bancorp 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.