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

German American Bancorp, Inc. (NASDAQ:GABC) Director Diane B. Medley acquired 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the purchase, the director now owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. The trade was a 22.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

German American Bancorp Price Performance

Shares of GABC opened at $39.92 on Friday. The stock has a market cap of $1.18 billion, a PE ratio of 14.16 and a beta of 0.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. German American Bancorp, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $47.08. The firm’s 50-day simple moving average is $39.95 and its two-hundred day simple moving average is $40.79.

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

German American Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were issued a $0.29 dividend. 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. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio is 41.13%.

Institutional Investors Weigh In On German American Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new stake in shares of German American Bancorp during the fourth quarter valued at approximately $340,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of German American Bancorp by 15.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,463 shares of the bank’s stock valued at $2,030,000 after buying an additional 6,817 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of German American Bancorp during the fourth quarter valued at approximately $228,000. Man Group plc purchased a new stake in shares of German American Bancorp during the fourth quarter valued at approximately $212,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of German American Bancorp by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,221 shares of the bank’s stock valued at $652,000 after buying an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Wall Street Analyst Weigh In

GABC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Piper Sandler lowered their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.40.

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.