Wells Fargo & Company MN lifted its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 51.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,797 shares of the bank’s stock after buying an additional 6,067 shares during the quarter. Wells Fargo & Company MN owned 0.08% of German American Bancorp worth $607,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of German American Bancorp by 114.2% during the 2nd quarter. Franklin Resources Inc. now owns 550,650 shares of the bank’s stock valued at $18,772,000 after buying an additional 293,550 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in German American Bancorp by 50.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,558 shares of the bank’s stock valued at $258,000 after purchasing an additional 2,519 shares in the last quarter. JPMorgan Chase & Co. grew its stake in German American Bancorp by 22.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,357 shares of the bank’s stock valued at $1,478,000 after purchasing an additional 8,089 shares in the last quarter. Swiss National Bank grew its stake in German American Bancorp by 80.3% during the 2nd quarter. Swiss National Bank now owns 36,250 shares of the bank’s stock valued at $1,236,000 after purchasing an additional 16,150 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. grew its stake in German American Bancorp by 28.3% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 125,100 shares of the bank’s stock valued at $4,265,000 after purchasing an additional 27,622 shares in the last quarter. Institutional investors and hedge funds own 36.20% of the company’s stock.

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Shares of German American Bancorp, Inc. (GABC) opened at $34.48 on Friday. German American Bancorp, Inc. has a 12 month low of $28.71 and a 12 month high of $39.02. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $794.30, a P/E ratio of 22.06 and a beta of 1.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.52 dividend on an annualized basis and a yield of 1.51%. German American Bancorp’s dividend payout ratio (DPR) is presently 33.12%.

In other German American Bancorp news, Director Chris A. Ramsey acquired 3,180 shares of the stock in a transaction on Tuesday, September 5th. The stock was purchased at an average price of $32.35 per share, for a total transaction of $102,873.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 3,442 shares of company stock valued at $111,571. 8.51% of the stock is owned by insiders.

A number of brokerages have weighed in on GABC. Zacks Investment Research lowered German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine lowered German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered German American Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. German American Bancorp presently has a consensus rating of “Hold” and an average target price of $39.75.

About German American Bancorp

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

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

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