German American Bancorp (NASDAQ:GABC) Stock: Insider Zachary Bawel Purchases 344 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Zachary Bawel bought 344 shares of German American Bancorp stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of $49.66 per share, for a total transaction of $17,083.04. Following the completion of the transaction, the director directly owned 27,560 shares in the company, valued at $1,368,629.60. This represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

German American Bancorp Trading Up 0.8%

German American Bancorp stock opened at $49.93 on Friday. The stock has a 50-day moving average of $49.52 and a two-hundred day moving average of $46.83. 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 one year low of $37.72 and a one year high of $52.23. The stock has a market cap of $1.88 billion, a PE ratio of 13.17 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. The business had revenue of $99.95 million for the quarter, compared to analyst estimates of $99.22 million. On average, research analysts anticipate that German American Bancorp, Inc. will post 3.92 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 10th. German American Bancorp’s dividend payout ratio (DPR) is presently 32.72%.

Institutional Trading of German American Bancorp

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of German American Bancorp in the second quarter valued at about $142,155,000. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $50,982,000 after purchasing an additional 31,627 shares during the last quarter. German American Bancorp Inc. raised its stake in shares of German American Bancorp by 1.3% in the first quarter. German American Bancorp Inc. now owns 966,872 shares of the bank’s stock worth $40,406,000 after purchasing an additional 12,585 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of German American Bancorp during the second quarter worth about $14,364,000. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of German American Bancorp by 15.1% during the first quarter. Deprince Race & Zollo Inc. now owns 233,513 shares of the bank’s stock worth $9,759,000 after purchasing an additional 30,612 shares during the period. Hedge funds and other institutional investors own 46.90% of the company’s stock.

Wall Street Analyst Weigh In

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

German American Bancorp Company Profile

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.