Zachary W. Bawel Acquires 494 Shares of German American Bancorp, Inc. (NASDAQ:GABC) Stock

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Zachary W. Bawel acquired 494 shares of German American Bancorp stock in a transaction that occurred on Tuesday, July 15th. The stock was acquired at an average cost of $40.49 per share, for a total transaction of $20,002.06. Following the purchase, the director owned 22,798 shares of the company's stock, valued at $923,091.02. The trade was a 2.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

German American Bancorp Trading Up 1.1%

GABC traded up $0.45 during trading on Monday, reaching $41.32. 14,672 shares of the stock traded hands, compared to its average volume of 116,877. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.55 billion, a PE ratio of 16.66 and a beta of 0.59. The stock's 50-day moving average is $38.97 and its 200 day moving average is $38.61. German American Bancorp, Inc. has a 12 month low of $32.75 and a 12 month high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. German American Bancorp had a net margin of 19.78% and a return on equity of 11.53%. The firm had revenue of $81.41 million during the quarter, compared to the consensus estimate of $79.60 million. Equities analysts anticipate that German American Bancorp, Inc. will post 3.06 earnings per share for the current year.

German American Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is currently 46.77%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GABC. Silver Oak Securities Incorporated bought a new position in shares of German American Bancorp in the first quarter valued at $28,000. SouthState Corp bought a new position in shares of German American Bancorp in the first quarter valued at $28,000. Cubist Systematic Strategies LLC bought a new position in shares of German American Bancorp in the fourth quarter valued at $35,000. Sterling Capital Management LLC lifted its stake in shares of German American Bancorp by 821.2% in the fourth quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after buying an additional 813 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of German American Bancorp by 399.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock valued at $39,000 after buying an additional 775 shares in the last quarter. 46.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler cut their price target on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.20.

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.