Insider Buying: German American Bancorp, Inc. (NASDAQ:GABC) Director Purchases 882 Shares of 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 acquired 882 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $37.95 per share, for a total transaction of $33,471.90. Following the purchase, the director directly owned 6,252 shares of the company's stock, valued at approximately $237,263.40. This trade represents a 16.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

German American Bancorp Price Performance

NASDAQ:GABC traded down $0.01 during trading hours on Friday, reaching $38.19. 55,403 shares of the company's stock were exchanged, compared to its average volume of 117,615. The company has a market capitalization of $1.43 billion, a P/E ratio of 14.52 and a beta of 0.62. German American Bancorp, Inc. has a 12 month low of $32.75 and a 12 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's 50-day simple moving average is $39.07 and its two-hundred day simple moving average is $38.65.

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, topping analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $91.16 million during the quarter, compared to analysts' expectations of $91.93 million. German American Bancorp had a net margin of 20.84% and a return on equity of 12.40%. Sell-side 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 disclosed 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 of this dividend 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 currently 44.11%.

Analyst Ratings Changes

GABC has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of German American Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Piper Sandler raised their target price on shares of German American Bancorp from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.00.

Hedge Funds Weigh In On German American Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in German American Bancorp by 20.4% in the 1st 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. Dimensional Fund Advisors LP boosted its stake in shares of German American Bancorp by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,813 shares of the bank's stock valued at $45,884,000 after buying an additional 8,659 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of German American Bancorp by 11.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,170 shares of the bank's stock valued at $41,594,000 after buying an additional 109,789 shares during the period. Geode Capital Management LLC boosted its stake in shares of German American Bancorp by 14.1% during the 2nd quarter. Geode Capital Management LLC now owns 952,803 shares of the bank's stock valued at $36,697,000 after buying an additional 117,664 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of German American Bancorp during the 1st quarter valued at $19,336,000. 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.