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

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Jack Sheidler bought 494 shares of the company's stock in a transaction 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 completion of the acquisition, the director directly owned 65,938 shares in the company, valued at $2,669,829.62. This represents a 0.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Sunday, June 15th, Jack Sheidler acquired 48 shares of German American Bancorp stock. The shares were bought at an average price 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 shares were bought at an average price of $39.70 per share, for a total transaction of $1,786.50.

German American Bancorp Stock Performance

Shares of German American Bancorp stock traded up $0.62 during midday trading on Thursday, hitting $40.79. The company had a trading volume of 143,891 shares, compared to its average volume of 118,422. 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 stock has a market cap of $1.53 billion, a PE ratio of 16.45 and a beta of 0.59. The business's 50 day simple moving average is $38.93 and its two-hundred day simple moving average is $38.62. German American Bancorp, Inc. has a 1-year low of $32.75 and a 1-year high of $47.08.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The bank reported $0.79 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 business had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. As a group, equities analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.84%. German American Bancorp's dividend payout ratio (DPR) is presently 46.77%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price target on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP raised its holdings in German American Bancorp by 10.8% during the first quarter. Quantbot Technologies LP now owns 3,272 shares of the bank's stock worth $123,000 after acquiring an additional 320 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in German American Bancorp by 1.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,666 shares of the bank's stock valued at $1,150,000 after acquiring an additional 375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in German American Bancorp by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,221 shares of the bank's stock valued at $652,000 after purchasing an additional 536 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in German American Bancorp by 2.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 24,171 shares of the bank's stock valued at $906,000 after purchasing an additional 546 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of German American Bancorp by 3.7% in the first quarter. Principal Financial Group Inc. now owns 17,275 shares of the bank's stock valued at $648,000 after purchasing an additional 610 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company's stock.

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.

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