Insider Buying: German American Bancorp, Inc. (NASDAQ:GABC) Director Purchases 3,977 Shares of Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Chris A. Ramsey acquired 3,977 shares of German American Bancorp stock in a transaction that occurred on Wednesday, December 19th. The shares were purchased at an average price of $36.00 per share, for a total transaction of $143,172.00. Following the completion of the purchase, the director now directly owns 16,969 shares of the company’s stock, valued at $610,884. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

German American Bancorp, Inc. (NASDAQ GABC) traded up $0.19 during mid-day trading on Thursday, reaching $35.31. The company’s stock had a trading volume of 47,500 shares, compared to its average volume of 36,714. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $809.64, a PE ratio of 20.65 and a beta of 1.12. German American Bancorp, Inc. has a 12 month low of $28.71 and a 12 month high of $39.02.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its stake in German American Bancorp by 390.2% in the third quarter. GSA Capital Partners LLP now owns 40,933 shares of the bank’s stock valued at $1,557,000 after buying an additional 32,583 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in German American Bancorp in the third quarter valued at $449,000. Grandeur Peak Global Advisors LLC bought a new stake in German American Bancorp in the third quarter valued at $691,000. Schwab Charles Investment Management Inc. lifted its stake in German American Bancorp by 2.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 92,523 shares of the bank’s stock valued at $3,519,000 after buying an additional 2,259 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in German American Bancorp by 49.1% in the third quarter. Wells Fargo & Company MN now owns 26,531 shares of the bank’s stock valued at $1,009,000 after buying an additional 8,734 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

GABC has been the topic of several research analyst reports. Zacks Investment Research cut German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. BidaskClub cut German American Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Sandler O’Neill set a $38.00 price objective on German American Bancorp and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Finally, Hovde Group reiterated a “hold” rating on shares of German American Bancorp in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. German American Bancorp currently has a consensus rating of “Hold” and a consensus price target of $39.25.

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About German American Bancorp

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

Insider Buying and Selling by Quarter for German American Bancorp (NASDAQ:GABC)

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