German American Bancorp, Inc. (NASDAQ:GABC) Director Buys $110,400.00 in Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Thomas W. Seger acquired 3,000 shares of German American Bancorp stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $36.80 per share, with a total value of $110,400.00. Following the transaction, the director now owns 484,342 shares in the company, valued at $17,823,785.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

German American Bancorp Trading Up 1.5 %

Shares of NASDAQ:GABC opened at $37.40 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.79 and a quick ratio of 0.79. German American Bancorp, Inc. has a 1 year low of $24.85 and a 1 year high of $42.78. The company has a market cap of $1.11 billion, a P/E ratio of 13.12 and a beta of 0.62. The stock’s fifty day moving average price is $35.95 and its 200-day moving average price is $33.75.

German American Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Saturday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, August 9th. German American Bancorp’s dividend payout ratio is currently 37.89%.

Institutional Trading of German American Bancorp

A number of large investors have recently made changes to their positions in GABC. Franklin Resources Inc. boosted its holdings in German American Bancorp by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 1,305,881 shares of the bank’s stock worth $42,324,000 after purchasing an additional 177,399 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of German American Bancorp by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,575 shares of the bank’s stock worth $39,930,000 after buying an additional 14,478 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of German American Bancorp by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,390 shares of the bank’s stock worth $7,370,000 after acquiring an additional 5,090 shares during the period. Bank of New York Mellon Corp increased its position in German American Bancorp by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 202,717 shares of the bank’s stock valued at $7,166,000 after acquiring an additional 8,028 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new position in German American Bancorp in the first quarter valued at about $6,828,000. 46.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GABC shares. Hovde Group raised their price target on German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, May 31st. StockNews.com downgraded shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Raymond James lifted their target price on shares of German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Piper Sandler increased their price target on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.67.

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.