German American Bancorp (NASDAQ:GABC) Director Zachary Bawel Buys 401 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Zachary Bawel acquired 401 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $49.89 per share, with a total value of $20,005.89. Following the completion of the transaction, the director directly owned 27,215 shares of the company’s stock, valued at approximately $1,357,756.35. This represents a 1.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

German American Bancorp Trading Down 1.3%

Shares of NASDAQ:GABC opened at $49.18 on Thursday. German American Bancorp, Inc. has a 1 year low of $37.19 and a 1 year high of $52.23. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50 day moving average price is $49.60 and its 200-day moving average price is $45.58.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The company had revenue of $99.95 million during the quarter, compared to analyst estimates of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. On average, equities research analysts forecast that German American Bancorp, Inc. will post 3.86 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

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

Institutional Investors Weigh In On German American Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its holdings in German American Bancorp by 220.7% in the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock valued at $56,000 after buying an additional 927 shares in the last quarter. Allworth Financial LP purchased a new position in shares of German American Bancorp during the 2nd quarter worth $133,000. Field & Main Bank purchased a new position in shares of German American Bancorp during the 2nd quarter worth $142,000. Quantbot Technologies LP purchased a new position in shares of German American Bancorp during the 2nd quarter worth $143,000. Finally, Ancora Advisors LLC acquired a new position in shares of German American Bancorp during the 2nd quarter valued at about $235,000. Institutional investors and hedge funds own 46.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GABC. Keefe, Bruyette & Woods raised their price target on shares of German American Bancorp from $47.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded German American Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, September 1st. Raymond James Financial began coverage on German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock. Finally, Piper Sandler reiterated an “overweight” rating and set a $60.00 price target (up from $51.00) on shares of German American Bancorp in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.33.

About German American Bancorp

German American Bancorp, Inc is a financial holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, the company provides a range of banking and financial services to individuals, families, farmers, businesses and other organizations.

Its banking activities include deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business loans, treasury management and other financial services. The company also offers wealth management services, including investment management, trust administration and retirement planning, as well as insurance products through affiliated operations.

German American Bancorp traces its history to the founding of German American Bank in 1910.