German American Bancorp, Inc. (NASDAQ:GABC – Get Free Report) Director Zachary Bawel bought 401 shares of German American Bancorp stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of $49.89 per share, for a total transaction of $20,005.89. Following the completion of the purchase, the director directly owned 27,215 shares of the company’s stock, valued at $1,357,756.35. This trade represents a 1.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
German American Bancorp Stock Performance
German American Bancorp stock opened at $49.19 on Friday. The firm has a 50 day simple moving average of $49.65 and a 200-day simple moving average of $45.63. German American Bancorp, Inc. has a 1-year low of $37.19 and a 1-year high of $52.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 12.98 and a beta of 0.58.
German American Bancorp (NASDAQ:GABC – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, beating the consensus estimate of $0.92 by $0.10. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. The firm had revenue of $99.95 million for the quarter, compared to analyst estimates of $99.22 million. On average, analysts expect that German American Bancorp, Inc. will post 3.86 EPS for the current year.
German American Bancorp Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on GABC. Piper Sandler reiterated an “overweight” rating and set a $60.00 price target (up from $51.00) on shares of German American Bancorp in a report on Thursday, July 30th. Weiss Ratings lowered shares of German American Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 1st. Keefe, Bruyette & Woods upped their target price on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Raymond James Financial started coverage on shares of German American Bancorp in a research note on Wednesday, July 8th. They set a “hold” rating for the company. Finally, Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.33.
Get Our Latest Report on German American Bancorp
Institutional Investors Weigh In On German American Bancorp
Several large investors have recently bought and sold shares of GABC. BlackRock Inc. acquired a new position in shares of German American Bancorp during the second quarter worth $142,155,000. German American Bancorp Inc. acquired a new stake in German American Bancorp in the second quarter valued at $45,154,000. The Manufacturers Life Insurance Company acquired a new stake in German American Bancorp in the second quarter valued at $14,364,000. Bank of New York Mellon Corp acquired a new stake in German American Bancorp in the second quarter valued at $10,440,000. Finally, Bank of America Corp DE purchased a new stake in German American Bancorp during the 2nd quarter worth about $3,531,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.
German American Bancorp Company Profile
German American Bancorp, Inc is a financial holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, the company provides a range of banking and financial services to individuals, families, farmers, businesses and other organizations.
Its banking activities include deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, treasury management and other financial services. The company also offers wealth management services, including investment management, trust administration and retirement planning, as well as insurance products through affiliated operations.
German American Bancorp traces its history to the founding of German American Bank in 1910.
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