Semanteon Capital Management LP Grows Stock Holdings in German American Bancorp, Inc. (NASDAQ:GABC)

Semanteon Capital Management LP boosted its holdings in German American Bancorp, Inc. (NASDAQ:GABC) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,223 shares of the bank’s stock after buying an additional 2,294 shares during the period. Semanteon Capital Management LP’s holdings in German American Bancorp were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in German American Bancorp in the 3rd quarter valued at approximately $99,000. BNP Paribas Financial Markets grew its stake in German American Bancorp by 6.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank’s stock valued at $241,000 after buying an additional 365 shares in the last quarter. AlphaQuest LLC purchased a new position in German American Bancorp in the 4th quarter valued at approximately $318,000. Kentucky Trust Co purchased a new position in German American Bancorp in the 4th quarter valued at approximately $362,000. Finally, Symmetry Partners LLC purchased a new position in German American Bancorp in the 4th quarter valued at approximately $390,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

German American Bancorp Stock Performance

NASDAQ GABC opened at $38.20 on Friday. German American Bancorp, Inc. has a 52-week low of $31.06 and a 52-week high of $47.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.43 billion, a P/E ratio of 13.55 and a beta of 0.60. The company has a fifty day moving average of $39.66 and a 200-day moving average of $40.75.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. As a group, equities research analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were issued a dividend of $0.29 per share. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Monday, February 10th. German American Bancorp’s payout ratio is currently 41.13%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GABC shares. Piper Sandler cut their price target on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.40.

Insider Transactions at German American Bancorp

In related news, Director Diane B. Medley acquired 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $39.21 per share, with a total value of $39,210.00. Following the acquisition, the director now owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. The trade was a 22.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 1,086 shares of company stock valued at $42,621. Insiders own 6.16% of the company’s stock.

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.