German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Christina M. Ryan purchased 494 shares of German American Bancorp stock in a transaction that occurred on Tuesday, July 15th. The stock was purchased at an average price of $40.49 per share, with a total value of $20,002.06. Following the completion of the purchase, the director directly owned 16,408 shares in the company, valued at $664,359.92. This trade represents a 3.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
German American Bancorp Price Performance
German American Bancorp stock traded up $0.45 during mid-day trading on Monday, reaching $41.32. 14,672 shares of the company were exchanged, compared to its average volume of 116,877. The company has a fifty day simple moving average of $38.97 and a 200-day simple moving average of $38.61. German American Bancorp, Inc. has a 12 month low of $32.75 and a 12 month high of $47.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $1.55 billion, a PE ratio of 16.66 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, beating the consensus estimate 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 company had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. As a group, equities research analysts expect that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.
German American Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 annualized dividend and a dividend yield of 2.81%. German American Bancorp's payout ratio is 46.77%.
Hedge Funds Weigh In On German American Bancorp
Hedge funds and other institutional investors have recently modified their holdings of the business. Silver Oak Securities Incorporated bought a new position in shares of German American Bancorp in the 1st quarter valued at $28,000. SouthState Corp bought a new position in shares of German American Bancorp in the 1st quarter valued at $28,000. Cubist Systematic Strategies LLC bought a new position in shares of German American Bancorp in the 4th quarter valued at $35,000. Sterling Capital Management LLC lifted its stake in shares of German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank's stock valued at $37,000 after acquiring an additional 813 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of German American Bancorp by 399.5% in the 4th 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. Institutional investors own 46.90% of the company's stock.
Wall Street Analyst Weigh In
Separately, Piper Sandler lowered their price objective on 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.20.
Check Out Our Latest Stock Analysis on German American Bancorp
About German American Bancorp
(
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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.
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