Insider Buying: German American Bancorp (NASDAQ:GABC) Director Buys 344 Shares of Company Stock

Key Points

• Director Zachary Bawel purchased 344 GABC shares at an average price of $49.66, investing $17,083 and increasing his direct ownership by 1.26% to 27,560 shares.
• German American Bancorp reported quarterly earnings of $1.02 per share, beating analyst expectations of $0.92, while revenue reached $99.95 million. Analysts expect $3.92 in full-year EPS.
• The stock was recently trading near $50, with a consensus analyst rating of “Moderate Buy” and an average price target of $53.33; the company also pays a $0.31 quarterly dividend, yielding about 2.5% annually.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Zachary Bawel acquired 344 shares of the company's stock in a transaction dated Thursday, October 15th. The shares were purchased at an average price of $49.66 per share, for a total transaction of $17,083.04. Following the purchase, the director directly owned 27,560 shares of the company's stock, valued at approximately $1,368,629.60. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

German American Bancorp Stock Up 1.1%

Shares of GABC stock traded up $0.56 on Friday, hitting $50.09. The stock had a trading volume of 70,238 shares, compared to its average volume of 150,452. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.22 and a beta of 0.61. The stock's 50 day moving average is $49.53 and its 200-day moving average is $46.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp, Inc. has a 52-week low of $37.72 and a 52-week high of $52.23.

German American Bancorp (NASDAQ:GABC - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.10. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. The business had revenue of $99.95 million during the quarter, compared to analyst estimates of $99.22 million. As a group, research analysts expect that German American Bancorp, Inc. will post 3.92 earnings per share for the current year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, August 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.5%. German American Bancorp's dividend payout ratio (DPR) is currently 32.72%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GABC. Raymond James Financial began coverage on German American Bancorp in a research note on Wednesday, July 8th. They issued a "hold" rating on the stock. Weiss Ratings upgraded German American Bancorp from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods upped their target price on German American Bancorp from $47.00 to $51.00 and gave the company a "market perform" rating in a research report on Thursday, July 30th. Wall Street Zen raised shares of German American Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Piper Sandler reissued an "overweight" rating and set a $60.00 price objective (up from $51.00) on shares of German American Bancorp in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in German American Bancorp by 220.7% in the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank's stock worth $56,000 after acquiring an additional 927 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of German American Bancorp during the 2nd quarter worth approximately $133,000. Field & Main Bank acquired a new stake in shares of German American Bancorp during the 2nd quarter worth approximately $142,000. Quantbot Technologies LP acquired a new stake in shares of German American Bancorp during the 2nd quarter worth approximately $143,000. Finally, Ancora Advisors LLC acquired a new stake in shares of German American Bancorp during the 2nd quarter worth approximately $235,000. 46.90% of the stock is currently owned by institutional investors.

German American Bancorp Company Profile

German American Bancorp, Inc is a financial services holding company headquartered in Jasper, Indiana. Through its subsidiary, German American Bank, the company provides banking and related financial services to individuals, families, businesses, and institutions.

German American Bank offers deposit accounts, residential and commercial lending, agricultural loans, consumer financing, treasury management, and other traditional banking products. The company also provides wealth management, trust and investment services, insurance products, and financial planning through affiliated business lines.

The company traces its banking roots to 1910 and has expanded from its original southern Indiana market to serve communities across southern Indiana and neighboring areas of Kentucky.

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