German American Bancorp, Inc. (NASDAQ:GABC) Director Diane B. Medley Purchases 1,000 Shares of Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Diane B. Medley bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the acquisition, the director now owns 5,370 shares of the company’s stock, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

German American Bancorp Price Performance

German American Bancorp stock opened at $39.60 on Friday. The company has a market cap of $1.18 billion, a P/E ratio of 14.04 and a beta of 0.64. German American Bancorp, Inc. has a one year low of $30.66 and a one year high of $47.08. The business has a fifty day moving average of $39.98 and a two-hundred day moving average of $40.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%. As a group, analysts predict that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were issued a $0.29 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio is currently 41.13%.

Hedge Funds Weigh In On German American Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in German American Bancorp by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,748,772 shares of the bank’s stock valued at $70,336,000 after purchasing an additional 40,642 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of German American Bancorp by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,813 shares of the bank’s stock worth $45,884,000 after buying an additional 8,659 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in German American Bancorp by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank’s stock valued at $40,195,000 after acquiring an additional 44,845 shares during the last quarter. State Street Corp increased its holdings in German American Bancorp by 6.9% during the 3rd quarter. State Street Corp now owns 772,675 shares of the bank’s stock valued at $29,941,000 after acquiring an additional 50,206 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in German American Bancorp by 1.6% during the third quarter. Geode Capital Management LLC now owns 704,094 shares of the bank’s stock worth $27,289,000 after acquiring an additional 11,386 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GABC shares. Piper Sandler dropped their price objective on shares of German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.40.

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.