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

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Susan J. Ellspermann purchased 494 shares of the stock in a transaction on Tuesday, July 15th. The shares were acquired at an average price of $40.49 per share, for a total transaction of $20,002.06. Following the transaction, the director directly owned 10,716 shares of the company's stock, valued at $433,890.84. This represents a 4.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

German American Bancorp Trading Down 0.1%

NASDAQ GABC traded down $0.03 during trading on Monday, hitting $40.84. The company had a trading volume of 94,160 shares, compared to its average volume of 117,187. The company's fifty day moving average is $38.97 and its 200-day moving average is $38.61. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 16.47 and a beta of 0.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. German American Bancorp, Inc. has a one year low of $32.75 and a one year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The company 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%. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were issued a $0.29 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.84%. German American Bancorp's dividend payout ratio (DPR) is currently 46.77%.

Institutional Trading of German American Bancorp

Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of German American Bancorp by 41.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,106 shares of the bank's stock worth $1,313,000 after purchasing an additional 9,921 shares during the period. Diversified Trust Co lifted its holdings in German American Bancorp by 18.8% in the second quarter. Diversified Trust Co now owns 14,614 shares of the bank's stock valued at $563,000 after acquiring an additional 2,316 shares during the period. Rhumbline Advisers increased its holdings in German American Bancorp by 11.9% in the first quarter. Rhumbline Advisers now owns 52,893 shares of the bank's stock valued at $1,983,000 after buying an additional 5,609 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in German American Bancorp by 11.2% in the first quarter. Ellsworth Advisors LLC now owns 15,963 shares of the bank's stock valued at $599,000 after buying an additional 1,612 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in German American Bancorp in the first quarter valued at about $5,987,000. 46.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price target on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a report 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, the stock currently has an average rating of "Hold" and a consensus price target 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.