German American Bancorp, Inc. (NASDAQ:GABC) Director Thomas W. Seger Purchases 3,000 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Thomas W. Seger purchased 3,000 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $36.80 per share, for a total transaction of $110,400.00. Following the transaction, the director now owns 484,342 shares in the company, valued at approximately $17,823,785.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

German American Bancorp Price Performance

German American Bancorp stock opened at $36.95 on Thursday. The company’s 50 day simple moving average is $36.06 and its 200-day simple moving average is $33.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 0.79. German American Bancorp, Inc. has a 1 year low of $24.85 and a 1 year high of $42.78. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.96 and a beta of 0.62.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Saturday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, August 9th. German American Bancorp’s dividend payout ratio (DPR) is 37.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GABC. EntryPoint Capital LLC raised its holdings in shares of German American Bancorp by 186.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after buying an additional 1,339 shares during the period. LSV Asset Management purchased a new position in German American Bancorp during the 4th quarter valued at about $120,000. SG Americas Securities LLC acquired a new position in German American Bancorp in the 4th quarter valued at about $142,000. Renaissance Technologies LLC purchased a new stake in German American Bancorp during the second quarter worth about $207,000. Finally, Virtu Financial LLC acquired a new stake in shares of German American Bancorp during the fourth quarter worth about $251,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on GABC shares. Piper Sandler boosted their target price on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Raymond James lifted their price target on shares of German American Bancorp from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com lowered German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, Hovde Group lifted their target price on German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, German American Bancorp presently has an average rating of “Hold” and an average target price of $40.67.

German American Bancorp Company Profile

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.