Deutsche Bank AG Has $771,000 Position in German American Bancorp., Inc. (GABC)
Deutsche Bank AG reduced its stake in German American Bancorp., Inc. (NASDAQ:GABC) by 36.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,835 shares of the bank’s stock after selling 15,690 shares during the quarter. Deutsche Bank AG’s holdings in German American Bancorp. were worth $771,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in German American Bancorp. by 11.3% in the 4th quarter. Legal & General Group Plc now owns 3,884 shares of the bank’s stock valued at $108,000 after buying an additional 394 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in German American Bancorp. by 368.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,198 shares of the bank’s stock valued at $200,000 after buying an additional 5,662 shares during the last quarter. Citigroup Inc. raised its position in German American Bancorp. by 16.3% in the 4th quarter. Citigroup Inc. now owns 7,341 shares of the bank’s stock valued at $204,000 after buying an additional 1,030 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in German American Bancorp. in the 4th quarter valued at $210,000. Finally, Aptus Capital Advisors LLC purchased a new stake in German American Bancorp. in the 4th quarter valued at $236,000. 35.51% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:GABC opened at $29.35 on Friday. The firm has a market capitalization of $720.03 million, a price-to-earnings ratio of 13.71 and a beta of 0.87. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 0.66. German American Bancorp., Inc. has a 1 year low of $26.20 and a 1 year high of $38.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 2.32%. German American Bancorp.’s dividend payout ratio (DPR) is presently 31.78%.
A number of research analysts have issued reports on GABC shares. Zacks Investment Research downgraded German American Bancorp. from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. BidaskClub downgraded German American Bancorp. from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th.
In other news, Director Thomas W. Seger purchased 1,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was bought at an average price of $29.50 per share, for a total transaction of $29,500.00. Following the purchase, the director now owns 2,710 shares of the company’s stock, valued at $79,945. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas W. Seger purchased 3,865 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average price of $28.90 per share, with a total value of $111,698.50. Following the purchase, the director now directly owns 2,710 shares in the company, valued at approximately $78,319. The disclosure for this purchase can be found here. Insiders acquired a total of 5,897 shares of company stock valued at $170,995 in the last 90 days. Corporate insiders own 7.91% of the company’s stock.
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German American Bancorp. Profile
German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various 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.
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