German American Bancorp (NASDAQ:GABC) Director Purchases $20,005.89 in Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Zachary Bawel bought 401 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average price of $49.89 per share, for a total transaction of $20,005.89. Following the completion of the transaction, the director owned 27,215 shares in the company, 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 legal filing with the SEC, which is available at this hyperlink.

German American Bancorp Trading Down 0.1%

Shares of NASDAQ GABC opened at $49.13 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp, Inc. has a 52-week low of $37.19 and a 52-week high of $52.23. The firm has a 50 day moving average price of $49.69 and a two-hundred day moving average price of $45.66. The stock has a market cap of $1.85 billion, a P/E ratio of 12.96 and a beta of 0.58.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. The company had revenue of $99.95 million for the quarter, compared to analyst estimates of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. As a group, equities analysts forecast that German American Bancorp, Inc. will post 3.86 EPS for the current year.

German American Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GABC shares. Raymond James Financial assumed coverage on German American Bancorp in a research report on Wednesday, July 8th. They set a “hold” rating for the company. Weiss Ratings raised shares of German American Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

Institutional Trading of German American Bancorp

Several large investors have recently made changes to their positions in GABC. Parallel Advisors LLC increased its position in German American Bancorp by 220.7% in the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after buying an additional 927 shares in the last quarter. Allworth Financial LP bought a new position in German American Bancorp in the second quarter worth approximately $133,000. Field & Main Bank acquired a new stake in German American Bancorp in the second quarter valued at approximately $142,000. Quantbot Technologies LP acquired a new stake in German American Bancorp in the second quarter valued at approximately $143,000. Finally, Swiss Life Asset Management Ltd bought a new stake in shares of German American Bancorp during the fourth quarter valued at approximately $202,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

About German American Bancorp

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.