Susan J. Ellspermann Buys 494 Shares of German American Bancorp, Inc. (NASDAQ:GABC) Stock

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Susan J. Ellspermann acquired 494 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were bought at an average price of $40.49 per share, for a total transaction of $20,002.06. Following the purchase, the director owned 10,716 shares in the company, valued at approximately $433,890.84. This represents a 4.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

German American Bancorp Price Performance

GABC stock traded up $0.08 during midday trading on Friday, reaching $40.87. 127,941 shares of the stock were exchanged, compared to its average volume of 118,379. The company has a fifty day moving average price of $38.97 and a 200 day moving average price of $38.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. German American Bancorp, Inc. has a 52 week low of $32.75 and a 52 week high of $47.08. The stock has a market capitalization of $1.53 billion, a PE ratio of 16.48 and a beta of 0.59.

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

German American Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On German American Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in German American Bancorp in the 1st quarter worth about $19,336,000. Vanguard Group Inc. boosted its position in German American Bancorp by 20.4% during the first quarter. Vanguard Group Inc. now owns 2,106,784 shares of the bank's stock worth $79,004,000 after purchasing an additional 357,360 shares during the period. MGO One Seven LLC bought a new position in German American Bancorp in the 1st quarter worth approximately $6,988,000. Strategic Value Bank Partners LLC bought a new position in German American Bancorp in the 1st quarter worth about $6,145,000. Finally, Focus Partners Wealth bought a new stake in German American Bancorp during the 1st quarter worth approximately $5,987,000. Institutional investors and hedge funds own 46.90% of the company's stock.

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.