Insider Buying: German American Bancorp, Inc. (NASDAQ:GABC) Director Buys 494 Shares of Stock

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Christina M. Ryan purchased 494 shares of the company's stock in a transaction dated 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. The trade was a 3.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

German American Bancorp Trading Up 1.5%

GABC traded up $0.62 during trading on Thursday, reaching $40.79. 143,891 shares of the stock traded hands, compared to its average volume of 118,422. The stock's 50-day moving average is $38.93 and its 200 day moving average is $38.62. 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 stock has a market capitalization of $1.53 billion, a PE ratio of 16.45 and a beta of 0.59.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, topping 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 business had revenue of $81.41 million during the quarter, compared to analysts' expectations of $79.60 million. Equities analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is currently 46.77%.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, German American Bancorp currently has a consensus rating of "Hold" and a consensus target price of $45.20.

Hedge Funds Weigh In On German American Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Diversified Trust Co grew its position in German American Bancorp by 18.8% in the 2nd quarter. Diversified Trust Co now owns 14,614 shares of the bank's stock valued at $563,000 after purchasing an additional 2,316 shares during the period. Rhumbline Advisers boosted its stake in shares of German American Bancorp by 11.9% in the 1st quarter. Rhumbline Advisers now owns 52,893 shares of the bank's stock worth $1,983,000 after buying an additional 5,609 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in shares of 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 acquiring an additional 1,612 shares in the last quarter. Focus Partners Wealth bought a new stake in German American Bancorp during the first quarter worth $5,987,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in German American Bancorp by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank's stock worth $2,076,000 after purchasing an additional 4,907 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.