CFC Planning Co LLC Acquires New Stake in German American Bancorp, Inc. (NASDAQ:GABC)

CFC Planning Co LLC purchased a new stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 18,931 shares of the bank’s stock, valued at approximately $761,000. CFC Planning Co LLC owned 0.06% of German American Bancorp at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in German American Bancorp during the third quarter valued at approximately $99,000. BNP Paribas Financial Markets raised its holdings in shares of German American Bancorp by 6.2% during the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock worth $241,000 after purchasing an additional 365 shares during the period. SG Americas Securities LLC acquired a new stake in shares of German American Bancorp during the 3rd quarter worth approximately $247,000. Semanteon Capital Management LP acquired a new stake in shares of German American Bancorp in the 3rd quarter worth about $346,000. Finally, Kentucky Trust Co bought a new stake in shares of German American Bancorp during the fourth quarter valued at approximately $362,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Price Performance

Shares of German American Bancorp stock opened at $40.53 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day moving average price of $40.83 and a two-hundred day moving average price of $40.67. German American Bancorp, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $47.08. The company has a market cap of $1.20 billion, a PE ratio of 14.37 and a beta of 0.64.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. Analysts expect that German American Bancorp, Inc. will post 2.95 EPS for the current year.

German American Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.29 per share. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Monday, February 10th. German American Bancorp’s payout ratio is currently 38.30%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GABC shares. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Finally, Piper Sandler decreased their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. One 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.40.

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.