Parametric Portfolio Associates LLC Invests $273,000 in German American Bancorp, Inc. (GABC)

Parametric Portfolio Associates LLC acquired a new stake in German American Bancorp, Inc. (NASDAQ:GABC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,022 shares of the bank’s stock, valued at approximately $273,000.

Several other institutional investors have also recently made changes to their positions in GABC. Vanguard Group Inc. lifted its holdings in shares of German American Bancorp by 56.8% during the second quarter. Vanguard Group Inc. now owns 865,786 shares of the bank’s stock valued at $29,514,000 after purchasing an additional 313,778 shares during the last quarter. FMR LLC lifted its holdings in shares of German American Bancorp by 50.0% during the second quarter. FMR LLC now owns 837,597 shares of the bank’s stock valued at $28,554,000 after purchasing an additional 279,199 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of German American Bancorp by 114.2% during the second quarter. Franklin Resources Inc. now owns 550,650 shares of the bank’s stock valued at $18,772,000 after purchasing an additional 293,550 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of German American Bancorp by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 499,361 shares of the bank’s stock valued at $23,640,000 after purchasing an additional 20,548 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of German American Bancorp by 49.3% during the second quarter. Northern Trust Corp now owns 273,220 shares of the bank’s stock valued at $9,314,000 after purchasing an additional 90,173 shares during the last quarter. Institutional investors and hedge funds own 36.25% of the company’s stock.

German American Bancorp, Inc. (GABC) opened at $38.34 on Thursday. The firm has a market capitalization of $842.91, a price-to-earnings ratio of 23.41 and a beta of 1.12. German American Bancorp, Inc. has a 52-week low of $28.71 and a 52-week high of $39.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, November 9th. German American Bancorp’s payout ratio is 33.12%.

In other news, Director Chris A. Ramsey bought 3,180 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were bought at an average cost of $32.35 per share, with a total value of $102,873.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 3,261 shares of company stock worth $105,750 over the last three months. 8.51% of the stock is owned by insiders.

GABC has been the topic of several recent analyst reports. BidaskClub lowered German American Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, ValuEngine lowered German American Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. German American Bancorp has an average rating of “Hold” and a consensus price target of $39.75.

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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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