German American Bancorp, Inc. (NASDAQ:GABC) Director Diane B. Medley Buys 1,000 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Diane B. Medley purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $39.21 per share, for a total transaction of $39,210.00. Following the acquisition, the director now owns 5,370 shares in the company, valued at $210,557.70. The trade was a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

German American Bancorp Stock Performance

Shares of GABC traded up $0.53 during midday trading on Thursday, reaching $39.72. The stock had a trading volume of 65,118 shares, compared to its average volume of 112,204. German American Bancorp, Inc. has a one year low of $30.66 and a one year high of $47.08. The firm has a 50 day simple moving average of $40.01 and a 200-day simple moving average of $40.78. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.18 billion, a PE ratio of 14.09 and a beta of 0.64.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. As a group, sell-side analysts anticipate that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were issued a $0.29 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.16 annualized dividend and a yield of 2.92%. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio (DPR) is 41.13%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler cut their price objective on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Hovde Group raised shares of German American Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $48.00 in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their target price on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, German American Bancorp has an average rating of “Hold” and an average target price of $46.40.

Institutional Investors Weigh In On German American Bancorp

Several large investors have recently added to or reduced their stakes in GABC. Principal Financial Group Inc. bought a new stake in shares of German American Bancorp in the 3rd quarter worth approximately $597,000. Barclays PLC raised its position in German American Bancorp by 577.6% in the third quarter. Barclays PLC now owns 69,271 shares of the bank’s stock worth $2,684,000 after acquiring an additional 59,048 shares during the period. State Street Corp boosted its position in shares of German American Bancorp by 6.9% in the third quarter. State Street Corp now owns 772,675 shares of the bank’s stock worth $29,941,000 after purchasing an additional 50,206 shares during the period. JPMorgan Chase & Co. boosted its stake in German American Bancorp by 154.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank’s stock worth $2,358,000 after purchasing an additional 36,954 shares during the period. Finally, German American Bancorp Inc. raised its holdings in shares of German American Bancorp by 160.1% during the 3rd quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock worth $19,918,000 after acquiring an additional 316,400 shares in the last quarter. Institutional investors own 46.90% of the company’s stock.

About German American Bancorp

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts 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.