8,929 Shares in German American Bancorp, Inc. (NASDAQ:GABC) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in German American Bancorp, Inc. (NASDAQ:GABC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,929 shares of the bank’s stock, valued at approximately $346,000.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of German American Bancorp in the 1st quarter worth approximately $1,097,000. Kennedy Capital Management LLC purchased a new position in German American Bancorp in the 1st quarter valued at approximately $6,828,000. LSV Asset Management grew its stake in German American Bancorp by 303.3% in the 2nd quarter. LSV Asset Management now owns 29,300 shares of the bank’s stock valued at $1,036,000 after buying an additional 22,035 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in German American Bancorp by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,019 shares of the bank’s stock valued at $1,040,000 after buying an additional 2,326 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new position in German American Bancorp in the 2nd quarter valued at approximately $5,887,000. Institutional investors own 46.90% of the company’s stock.

German American Bancorp Stock Up 4.0 %

Shares of GABC stock opened at $40.69 on Tuesday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.28 and a beta of 0.61. The company’s fifty day moving average price is $39.24 and its 200-day moving average price is $36.21. German American Bancorp, Inc. has a one year low of $24.85 and a one year high of $42.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.83.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, July 29th. The bank reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. German American Bancorp had a net margin of 24.44% and a return on equity of 12.97%. The business had revenue of $64.89 million during the quarter, compared to analysts’ expectations of $60.20 million. Sell-side analysts expect that German American Bancorp, Inc. will post 2.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GABC. Stephens started coverage on shares of German American Bancorp in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 price objective for the company. Piper Sandler boosted their price target on shares of German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, Raymond James upped their price objective on shares of German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, German American Bancorp has a consensus rating of “Hold” and a consensus target price of $41.75.

Insider Buying and Selling

In other news, Director Thomas W. Seger purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $36.80 per share, with a total value of $110,400.00. Following the purchase, the director now owns 484,342 shares in the company, valued at approximately $17,823,785.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Diane B. Medley acquired 710 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $36.37 per share, with a total value of $25,822.70. Following the transaction, the director now directly owns 4,370 shares in the company, valued at approximately $158,936.90. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas W. Seger purchased 3,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $36.80 per share, for a total transaction of $110,400.00. Following the purchase, the director now directly owns 484,342 shares in the company, valued at $17,823,785.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 3,732 shares of company stock valued at $137,119. Company insiders own 6.16% of the company’s stock.

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.