Jack Sheidler Buys 494 Shares of German American Bancorp, Inc. (NASDAQ:GABC) Stock

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Jack Sheidler bought 494 shares of German American Bancorp stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average price of $40.49 per share, with a total value of $20,002.06. Following the acquisition, the director directly owned 65,938 shares of the company's stock, valued at $2,669,829.62. The trade was a 0.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jack Sheidler also recently made the following trade(s):

• On Sunday, June 15th, Jack Sheidler bought 48 shares of German American Bancorp stock. The stock was bought at an average cost of $37.78 per share, for a total transaction of $1,813.44.
• On Thursday, May 15th, Jack Sheidler bought 45 shares of German American Bancorp stock. The stock was bought at an average cost of $39.70 per share, for a total transaction of $1,786.50.

German American Bancorp Stock Up 1.1%

GABC traded up $0.45 during trading on Monday, reaching $41.32. 14,672 shares of the stock were exchanged, compared to its average volume of 116,877. The stock has a market cap of $1.55 billion, a P/E ratio of 16.66 and a beta of 0.59. German American Bancorp, Inc. has a twelve month low of $32.75 and a twelve month high of $47.08. The stock's 50 day moving average price is $38.97 and its two-hundred day moving average price is $38.61. 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 (NASDAQ:GABC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The business 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%. Equities analysts expect that German American Bancorp, Inc. will post 3.06 EPS for the current year.

German American Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Saturday, May 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, May 9th. German American Bancorp's dividend payout ratio (DPR) is presently 46.77%.

Institutional Investors Weigh In On German American Bancorp

A number of large investors have recently added to or reduced their stakes in GABC. Intech Investment Management LLC bought a new stake in German American Bancorp in the 4th quarter valued at $489,000. Symmetry Partners LLC bought a new stake in German American Bancorp in the 4th quarter valued at $390,000. Semanteon Capital Management LP raised its stake in German American Bancorp by 25.7% in the 4th quarter. Semanteon Capital Management LP now owns 11,223 shares of the bank's stock valued at $451,000 after acquiring an additional 2,294 shares during the period. Quantbot Technologies LP boosted its holdings in shares of German American Bancorp by 15.2% during the fourth quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock worth $119,000 after acquiring an additional 389 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of German American Bancorp by 5.6% during the fourth quarter. American Century Companies Inc. now owns 103,077 shares of the bank's stock worth $4,146,000 after acquiring an additional 5,463 shares during the period. Institutional investors own 46.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their target price on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, German American Bancorp currently has a consensus rating of "Hold" and an average target price of $45.20.

German American Bancorp Company Profile

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.