Insider Buying: German American Bancorp (NASDAQ:GABC) Director Acquires 344 Shares of Company Stock

German American Bancorp, Inc. (NASDAQ:GABC – Get Free Report) Director Zachary Bawel bought 344 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was bought at an average price of $49.66 per share, for a total transaction of $17,083.04. Following the completion of the purchase, the director directly owned 27,560 shares of the company’s stock, valued at $1,368,629.60. The trade was a 1.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

German American Bancorp Stock Performance

Shares of GABC traded up $0.56 during midday trading on Friday, hitting $50.09. 70,238 shares of the stock traded hands, compared to its average volume of 150,452. German American Bancorp, Inc. has a 1-year low of $37.72 and a 1-year high of $52.23. The firm has a market capitalization of $1.88 billion, a PE ratio of 13.22 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50 day moving average price is $49.53 and its two-hundred day moving average price is $46.81.

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, topping 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 business had revenue of $99.95 million during the quarter, compared to analyst estimates of $99.22 million. Equities research analysts predict that German American Bancorp, Inc. will post 3.92 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 10th. German American Bancorp’s payout ratio is 32.72%.

Institutional Investors Weigh In On German American Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GABC. Sequoia Financial Advisors LLC acquired a new position in shares of German American Bancorp during the 2nd quarter valued at $593,000. Tidal Investments LLC acquired a new stake in shares of German American Bancorp in the second quarter valued at $624,000. Susquehanna Fundamental Investments LLC lifted its holdings in shares of German American Bancorp by 22.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 22,409 shares of the bank’s stock valued at $1,064,000 after buying an additional 4,035 shares during the period. Field & Main Bank acquired a new stake in shares of German American Bancorp in the second quarter valued at $142,000. Finally, Glenview Trust Co acquired a new stake in shares of German American Bancorp in the second quarter valued at $1,793,000. Institutional investors own 46.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GABC. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Raymond James Financial started coverage on German American Bancorp in a report on Wednesday, July 8th. They set a “hold” rating on the stock. Piper Sandler restated an “overweight” rating and set a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. Weiss Ratings raised shares of German American Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

View Our Latest Research Report on German American Bancorp

German American Bancorp Company Profile

(Get Free Report)

German American Bancorp, Inc is a financial services holding company headquartered in Jasper, Indiana. Through its subsidiary, German American Bank, the company provides banking and related financial services to individuals, families, businesses, and institutions.

German American Bank offers deposit accounts, residential and commercial lending, agricultural loans, consumer financing, treasury management, and other traditional banking products. The company also provides wealth management, trust and investment services, insurance products, and financial planning through affiliated business lines.

The company traces its banking roots to 1910 and has expanded from its original southern Indiana market to serve communities across southern Indiana and neighboring areas of Kentucky.

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Insider Buying and Selling by Quarter for German American Bancorp (NASDAQ:GABC)

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