Diane B. Medley Purchases 882 Shares of German American Bancorp, Inc. (NASDAQ:GABC) Stock

Key Points

• Diane B. Medley, a director at German American Bancorp, purchased 882 shares at an average cost of $37.95, increasing her stake in the company by 16.42%.
• The company reported earnings per share of $0.86 for the last quarter, exceeding expectations of $0.83, with revenues of $91.16 million.
• German American Bancorp announced a quarterly dividend of $0.29 per share, representing a 3.0% dividend yield, to be paid on August 20th.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Diane B. Medley bought 882 shares of German American Bancorp stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $37.95 per share, for a total transaction of $33,471.90. Following the acquisition, the director directly owned 6,252 shares of the company's stock, valued at $237,263.40. The trade was a 16.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

German American Bancorp Trading Down 0.3%

GABC stock traded down $0.13 during midday trading on Thursday, reaching $38.49. The company's stock had a trading volume of 36,983 shares, compared to its average volume of 134,597. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp, Inc. has a 1 year low of $32.75 and a 1 year high of $47.08. The stock has a fifty day simple moving average of $39.08 and a two-hundred day simple moving average of $38.67. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.61 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, July 28th. The bank reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. German American Bancorp had a net margin of 20.84% and a return on equity of 12.40%. The firm had revenue of $91.16 million for the quarter, compared to analysts' expectations of $91.93 million. On average, equities research analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Sunday, August 10th will be paid a $0.29 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. German American Bancorp's dividend payout ratio (DPR) is presently 44.11%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GABC. Wall Street Zen raised shares of German American Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler upped their price target on shares of German American Bancorp from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $46.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GABC. Silver Oak Securities Incorporated bought a new stake in shares of German American Bancorp during the 1st quarter worth $28,000. SouthState Corp bought a new position in shares of German American Bancorp during the first quarter valued at approximately $28,000. Cubist Systematic Strategies LLC acquired a new position in shares of German American Bancorp in the fourth quarter valued at about $35,000. Sterling Capital Management LLC raised its position in shares of German American Bancorp by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock worth $37,000 after purchasing an additional 813 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of German American Bancorp by 399.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank's stock valued at $39,000 after acquiring an additional 775 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

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.