German American Bancorp., Inc. (NASDAQ:GABC) Director Chris A. Ramsey purchased 827 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were purchased at an average cost of $31.83 per share, for a total transaction of $26,323.41. Following the transaction, the director now directly owns 18,235 shares in the company, valued at $580,420.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ:GABC traded down $0.60 during midday trading on Friday, reaching $31.24. 26,019 shares of the company traded hands, compared to its average volume of 42,089. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 0.92. German American Bancorp., Inc. has a 12 month low of $30.32 and a 12 month high of $38.65. The firm has a market cap of $725.10 million, a price-to-earnings ratio of 18.71 and a beta of 0.88.
German American Bancorp. (NASDAQ:GABC) last released its quarterly earnings data on Monday, October 29th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). German American Bancorp. had a net margin of 29.91% and a return on equity of 11.84%. The company had revenue of $37.51 million for the quarter, compared to the consensus estimate of $37.29 million. Equities analysts predict that German American Bancorp., Inc. will post 2.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Saturday, November 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. German American Bancorp.’s payout ratio is 35.93%.
GABC has been the topic of a number of recent research reports. Zacks Investment Research raised German American Bancorp. from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, October 5th. BidaskClub upgraded German American Bancorp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, ValuEngine upgraded German American Bancorp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.00.
Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of German American Bancorp. by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 126,956 shares of the bank’s stock valued at $4,479,000 after purchasing an additional 1,680 shares during the period. Wells Fargo & Company MN increased its stake in German American Bancorp. by 6.0% in the 1st quarter. Wells Fargo & Company MN now owns 36,011 shares of the bank’s stock worth $1,201,000 after acquiring an additional 2,043 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in German American Bancorp. by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,686 shares of the bank’s stock worth $3,897,000 after acquiring an additional 5,542 shares during the last quarter. Delta Capital Management LLC bought a new position in German American Bancorp. in the 2nd quarter worth about $207,000. Finally, Engineers Gate Manager LP bought a new position in German American Bancorp. in the 2nd quarter worth about $253,000. Institutional investors own 38.89% of the company’s stock.
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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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