German American Bancorp (NASDAQ:GABC) Director Zachary Bawel Purchases 344 Shares of Company Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Zachary Bawel acquired 344 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was purchased at an average cost of $49.66 per share, for a total transaction of $17,083.04. Following the completion of the purchase, the director directly owned 27,560 shares in the company, valued at $1,368,629.60. This trade represents a 1.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

German American Bancorp Stock Performance

German American Bancorp stock traded up $0.40 during trading hours on Friday, reaching $49.93. 230,924 shares of the stock were exchanged, compared to its average volume of 153,853. The stock has a market cap of $1.88 billion, a P/E ratio of 13.17 and a beta of 0.61. 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. The firm’s 50 day moving average is $49.52 and its 200 day moving average is $46.83.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The company had revenue of $99.95 million during the quarter, compared to analysts’ expectations of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. Analysts predict that German American Bancorp, Inc. will post 3.92 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 10th. German American Bancorp’s dividend payout ratio is currently 32.72%.

Institutional Trading of German American Bancorp

A number of institutional investors have recently added to or reduced their stakes in GABC. BlackRock Inc. acquired a new position in German American Bancorp during the second quarter worth about $142,155,000. Dimensional Fund Advisors LP increased its holdings in German American Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,219,958 shares of the bank’s stock valued at $50,982,000 after buying an additional 31,627 shares in the last quarter. German American Bancorp Inc. purchased a new position in German American Bancorp in the second quarter valued at about $45,154,000. The Manufacturers Life Insurance Company acquired a new stake in shares of German American Bancorp during the 2nd quarter valued at approximately $14,364,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of German American Bancorp during the 2nd quarter valued at approximately $10,440,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GABC. Wall Street Zen raised German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded German American Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Keefe, Bruyette & Woods increased their target price on German American Bancorp from $47.00 to $51.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Finally, Raymond James Financial assumed coverage on German American Bancorp in a research note on Wednesday, July 8th. They set a “hold” rating for the company. One equities 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 company’s stock. According to data from MarketBeat.com, German American Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

About German American Bancorp

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.