Campbell & CO Investment Adviser LLC Makes New Investment in German American Bancorp., Inc. (NASDAQ:GABC)

Campbell & CO Investment Adviser LLC bought a new position in German American Bancorp., Inc. (NASDAQ:GABC) in the third quarter, HoldingsChannel.com reports. The fund bought 8,783 shares of the bank’s stock, valued at approximately $281,000.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in German American Bancorp. by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,659,282 shares of the bank’s stock worth $49,977,000 after purchasing an additional 62,219 shares during the period. Vanguard Group Inc. grew its position in German American Bancorp. by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,059,305 shares of the bank’s stock worth $31,907,000 after purchasing an additional 81,740 shares during the period. Northern Trust Corp grew its position in German American Bancorp. by 1.0% in the 2nd quarter. Northern Trust Corp now owns 426,690 shares of the bank’s stock worth $12,852,000 after purchasing an additional 4,086 shares during the period. Renaissance Technologies LLC grew its position in German American Bancorp. by 13.2% in the 2nd quarter. Renaissance Technologies LLC now owns 325,050 shares of the bank’s stock worth $9,791,000 after purchasing an additional 38,000 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in German American Bancorp. by 115.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 186,893 shares of the bank’s stock worth $5,629,000 after purchasing an additional 99,983 shares during the period. 38.44% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Hovde Group downgraded shares of German American Bancorp. from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a research report on Monday, August 5th. Zacks Investment Research downgraded shares of German American Bancorp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 16th. Finally, BidaskClub raised shares of German American Bancorp. from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th.

In other German American Bancorp. news, Director Chris A. Ramsey purchased 2,059 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $31.00 per share, for a total transaction of $63,829.00. Following the purchase, the director now directly owns 20,271 shares of the company’s stock, valued at approximately $628,401. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought a total of 2,495 shares of company stock worth $77,136 in the last quarter. Corporate insiders own 7.91% of the company’s stock.

NASDAQ:GABC opened at $32.22 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. German American Bancorp., Inc. has a 12 month low of $26.20 and a 12 month high of $33.47. The company has a market cap of $856.61 million, a PE ratio of 15.06 and a beta of 0.87. The company has a 50 day simple moving average of $31.68 and a two-hundred day simple moving average of $30.23.

German American Bancorp. (NASDAQ:GABC) last posted its earnings results on Monday, July 29th. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. German American Bancorp. had a net margin of 27.51% and a return on equity of 12.41%. The business had revenue of $44.15 million during the quarter, compared to the consensus estimate of $44.10 million. Research analysts forecast that German American Bancorp., Inc. will post 2.42 earnings per share for the current year.

About German American Bancorp.

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

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