Rhumbline Advisers Raises Holdings in German American Bancorp., Inc. (NASDAQ:GABC)

Share on StockTwits

Rhumbline Advisers increased its position in shares of German American Bancorp., Inc. (NASDAQ:GABC) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,229 shares of the bank’s stock after purchasing an additional 4,011 shares during the quarter. Rhumbline Advisers’ holdings in German American Bancorp. were worth $1,289,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of GABC. Wedge Capital Management L L P NC increased its position in shares of German American Bancorp. by 115.0% during the second quarter. Wedge Capital Management L L P NC now owns 186,893 shares of the bank’s stock worth $5,629,000 after purchasing an additional 99,983 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in German American Bancorp. in the 2nd quarter valued at $2,603,000. Vanguard Group Inc. grew its holdings in German American Bancorp. by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,059,305 shares of the bank’s stock valued at $31,907,000 after buying an additional 81,740 shares in the last quarter. BlackRock Inc. grew its holdings in German American Bancorp. by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,659,282 shares of the bank’s stock valued at $49,977,000 after buying an additional 62,219 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in German American Bancorp. by 13.2% in the 2nd quarter. Renaissance Technologies LLC now owns 325,050 shares of the bank’s stock valued at $9,791,000 after buying an additional 38,000 shares in the last quarter. Hedge funds and other institutional investors own 38.81% of the company’s stock.

Shares of NASDAQ:GABC opened at $33.74 on Friday. The business has a fifty day moving average of $32.50 and a two-hundred day moving average of $30.70. German American Bancorp., Inc. has a 52-week low of $26.20 and a 52-week high of $34.50. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The stock has a market cap of $890.77 million, a P/E ratio of 15.77 and a beta of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Sunday, November 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, November 7th. German American Bancorp.’s payout ratio is 31.78%.

Several analysts have issued reports on GABC shares. Hovde Group cut German American Bancorp. from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a report on Monday, August 5th. Zacks Investment Research cut German American Bancorp. from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, BidaskClub cut German American Bancorp. from a “buy” rating to a “hold” rating in a report on Thursday.

German American Bancorp. Company Profile

German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various 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.

Read More: Investing in Dividend Stocks

Want to see what other hedge funds are holding GABC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for German American Bancorp., Inc. (NASDAQ:GABC).

Institutional Ownership by Quarter for German American Bancorp. (NASDAQ:GABC)

Receive News & Ratings for German American Bancorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Powell Industries, Inc.  Short Interest Update
Powell Industries, Inc. Short Interest Update
Short Interest in Pyxis Tankers Inc  Increases By 13.6%
Short Interest in Pyxis Tankers Inc Increases By 13.6%
$561.39 Million in Sales Expected for null  This Quarter
$561.39 Million in Sales Expected for null This Quarter
Bayan Token Reaches Market Cap of $171,778.00
Bayan Token Reaches Market Cap of $171,778.00
WPP TOKEN   Trading 44.9% Lower  Over Last Week
WPP TOKEN Trading 44.9% Lower Over Last Week
Lethean  Trading 5.6% Lower  Over Last 7 Days
Lethean Trading 5.6% Lower Over Last 7 Days


© 2006-2019 Ticker Report