German American Bancorp, Inc. (NASDAQ:GABC) Director Acquires $20,002.06 in Stock

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Zachary W. Bawel purchased 494 shares of German American Bancorp stock in a transaction on Tuesday, July 15th. The stock was bought at an average cost of $40.49 per share, with a total value of $20,002.06. Following the transaction, the director directly owned 22,798 shares of the company's stock, valued at approximately $923,091.02. The trade was a 2.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

German American Bancorp Trading Up 1.5%

GABC stock traded up $0.62 during midday trading on Thursday, reaching $40.79. The stock had a trading volume of 143,891 shares, compared to its average volume of 118,422. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 16.45 and a beta of 0.59. German American Bancorp, Inc. has a twelve month low of $32.75 and a twelve month high of $47.08. 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 business has a fifty day simple moving average of $38.93 and a two-hundred day simple moving average of $38.62.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. German American Bancorp had a return on equity of 11.53% and a net margin of 19.78%. The business had revenue of $81.41 million during the quarter, compared to analysts' expectations of $79.60 million. As a group, research analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.84%. German American Bancorp's dividend payout ratio is 46.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP increased its stake in German American Bancorp by 10.8% in the first quarter. Quantbot Technologies LP now owns 3,272 shares of the bank's stock valued at $123,000 after purchasing an additional 320 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of German American Bancorp by 1.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,666 shares of the bank's stock valued at $1,150,000 after buying an additional 375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of German American Bancorp by 3.4% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in German American Bancorp by 2.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 24,171 shares of the bank's stock worth $906,000 after buying an additional 546 shares during the period. Finally, Principal Financial Group Inc. raised its stake in German American Bancorp by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,275 shares of the bank's stock worth $648,000 after buying an additional 610 shares during the period. Institutional investors own 46.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price objective on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, German American Bancorp presently has an average rating of "Hold" and a consensus target price of $45.20.

About German American Bancorp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.