Insider Buying: German American Bancorp., Inc. (GABC) Director Acquires 4,000 Shares of Stock

German American Bancorp., Inc. (NASDAQ:GABC) Director Thomas W. Seger bought 4,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was purchased at an average cost of $31.25 per share, for a total transaction of $125,000.00. Following the completion of the transaction, the director now owns 2,014 shares in the company, valued at $62,937.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ GABC opened at $31.17 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. The stock has a market cap of $720.74 million, a PE ratio of 18.66 and a beta of 0.88. German American Bancorp., Inc. has a 52 week low of $30.32 and a 52 week high of $38.65.

German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings data on Monday, October 29th. The bank reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). The company had revenue of $37.51 million for the quarter, compared to analyst estimates of $37.29 million. German American Bancorp. had a net margin of 29.91% and a return on equity of 11.84%. Research analysts expect that German American Bancorp., Inc. will post 2.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Saturday, November 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, November 8th. German American Bancorp.’s dividend payout ratio is 35.93%.

Several research analysts have weighed in on GABC shares. BidaskClub lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Saturday, September 1st. Zacks Investment Research raised German American Bancorp. from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, October 5th. Finally, ValuEngine lowered German American Bancorp. from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of German American Bancorp. by 3.9% during the 2nd quarter. BlackRock Inc. now owns 1,519,616 shares of the bank’s stock valued at $54,478,000 after acquiring an additional 56,899 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of German American Bancorp. by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 863,819 shares of the bank’s stock valued at $30,968,000 after acquiring an additional 65,191 shares during the last quarter. Northern Trust Corp increased its holdings in shares of German American Bancorp. by 49.8% during the 2nd quarter. Northern Trust Corp now owns 400,346 shares of the bank’s stock valued at $14,352,000 after acquiring an additional 133,103 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of German American Bancorp. by 61.8% during the 2nd quarter. Renaissance Technologies LLC now owns 160,950 shares of the bank’s stock valued at $5,770,000 after acquiring an additional 61,450 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of German American Bancorp. by 5.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,686 shares of the bank’s stock valued at $3,897,000 after acquiring an additional 5,542 shares during the last quarter. 38.89% of the stock is currently owned by institutional investors and hedge funds.

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German American Bancorp. Company Profile

German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various 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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