Insider Buying: German American Bancorp., Inc. (NASDAQ:GABC) Director Buys 382 Shares of Stock

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German American Bancorp., Inc. (NASDAQ:GABC) Director Zachary W. Bawel bought 382 shares of German American Bancorp. stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $30.24 per share, for a total transaction of $11,551.68. Following the acquisition, the director now owns 700 shares in the company, valued at $21,168. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Zachary W. Bawel also recently made the following trade(s):

  • On Monday, June 17th, Zachary W. Bawel bought 47 shares of German American Bancorp. stock. The shares were purchased at an average cost of $29.52 per share, for a total transaction of $1,387.44.

Shares of German American Bancorp. stock traded up $0.15 on Monday, reaching $30.96. 827 shares of the company were exchanged, compared to its average volume of 72,577. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50-day moving average is $30.27 and its two-hundred day moving average is $29.86. The firm has a market cap of $828.59 million, a price-to-earnings ratio of 14.46 and a beta of 0.88. German American Bancorp., Inc. has a 1-year low of $26.20 and a 1-year high of $38.20.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, August 8th. German American Bancorp.’s payout ratio is 31.78%.

A number of research analysts have commented on GABC shares. BidaskClub raised German American Bancorp. from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Zacks Investment Research raised German American Bancorp. from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, Hovde Group downgraded German American Bancorp. from an “outperform” rating to a “market perform” rating and set a $34.00 target price on the stock. in a report on Monday, August 5th.

Several institutional investors have recently made changes to their positions in GABC. Kennedy Capital Management Inc. acquired a new stake in shares of German American Bancorp. during the 1st quarter worth approximately $3,675,000. Wedge Capital Management L L P NC raised its position in shares of German American Bancorp. by 115.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 186,893 shares of the bank’s stock worth $5,629,000 after purchasing an additional 99,983 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of German American Bancorp. during the 2nd quarter worth approximately $2,603,000. Vanguard Group Inc. raised its position in shares of German American Bancorp. by 8.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,059,305 shares of the bank’s stock worth $31,907,000 after purchasing an additional 81,740 shares during the period. Finally, BlackRock Inc. raised its position in shares of German American Bancorp. by 3.9% during the 2nd quarter. BlackRock Inc. now owns 1,659,282 shares of the bank’s stock worth $49,977,000 after purchasing an additional 62,219 shares during the period. Institutional investors and hedge funds own 37.34% of the company’s stock.

German American Bancorp. Company Profile

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

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