German American Bancorp, Inc. (NASDAQ:GABC) Director Acquires $39,210.00 in Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Diane B. Medley bought 1,000 shares of the company’s stock in a transaction dated 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 directly owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. This represents a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

German American Bancorp Stock Performance

NASDAQ:GABC opened at $39.92 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day simple moving average of $39.95 and a two-hundred day simple moving average of $40.82. German American Bancorp, Inc. has a 1 year low of $30.66 and a 1 year high of $47.08. The company has a market capitalization of $1.18 billion, a P/E ratio of 14.16 and a beta of 0.64.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, February 3rd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. On average, analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were given a $0.29 dividend. This is an increase from German American Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, February 10th. German American Bancorp’s dividend payout ratio (DPR) is currently 41.13%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price target on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Piper Sandler dropped their price target on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, German American Bancorp currently has a consensus rating of “Hold” and a consensus price target of $46.40.

Institutional Trading of German American Bancorp

A number of large investors have recently bought and sold shares of GABC. Principal Financial Group Inc. purchased a new position in shares of German American Bancorp in the third quarter valued at $597,000. Barclays PLC grew its position in shares of German American Bancorp by 577.6% in the third quarter. Barclays PLC now owns 69,271 shares of the bank’s stock valued at $2,684,000 after purchasing an additional 59,048 shares in the last quarter. State Street Corp grew 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 valued at $29,941,000 after purchasing an additional 50,206 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of German American Bancorp by 154.6% in the third quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank’s stock valued at $2,358,000 after purchasing an additional 36,954 shares in the last quarter. Finally, German American Bancorp Inc. grew its position in shares of German American Bancorp by 160.1% in the third quarter. German American Bancorp Inc. now owns 514,018 shares of the bank’s stock valued at $19,918,000 after purchasing an additional 316,400 shares in the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

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.