Chatham Capital Group Inc. Acquires 5,600 Shares of German American Bancorp, Inc. (NASDAQ:GABC)

Chatham Capital Group Inc. lifted its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 12.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,476 shares of the bank’s stock after buying an additional 5,600 shares during the period. Chatham Capital Group Inc. owned about 0.17% of German American Bancorp worth $1,714,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GABC. LSV Asset Management purchased a new position in shares of German American Bancorp during the 4th quarter worth about $120,000. SG Americas Securities LLC purchased a new position in shares of German American Bancorp during the 4th quarter worth about $142,000. Virtu Financial LLC purchased a new position in shares of German American Bancorp during the 4th quarter worth about $251,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of German American Bancorp by 8.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,885 shares of the bank’s stock worth $418,000 after purchasing an additional 961 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of German American Bancorp by 101.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,295 shares of the bank’s stock worth $755,000 after purchasing an additional 11,732 shares during the period. 46.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Hovde Group lifted their price target on shares of German American Bancorp from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.33.

German American Bancorp Trading Up 0.6 %

German American Bancorp stock traded up $0.20 during trading hours on Friday, hitting $35.35. The company had a trading volume of 723,529 shares, compared to its average volume of 87,674. The firm has a market cap of $1.05 billion, a P/E ratio of 12.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 0.79. German American Bancorp, Inc. has a 1 year low of $24.85 and a 1 year high of $35.67. The company has a 50-day moving average price of $32.62 and a two-hundred day moving average price of $32.59.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, April 29th. The bank reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $84.08 million during the quarter, compared to analysts’ expectations of $61.05 million. German American Bancorp had a net margin of 25.83% and a return on equity of 13.68%. On average, sell-side analysts anticipate that German American Bancorp, Inc. will post 2.51 earnings per share for the current year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 3.06%. German American Bancorp’s payout ratio is presently 37.89%.

About German American Bancorp

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.