German American Bancorp, Inc. (GABC) Director Chris A. Ramsey Buys 9,884 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Chris A. Ramsey purchased 9,884 shares of German American Bancorp stock in a transaction that occurred on Tuesday, December 26th. The stock was bought at an average cost of $35.75 per share, for a total transaction of $353,353.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

German American Bancorp, Inc. (NASDAQ GABC) traded down $0.13 during midday trading on Thursday, reaching $34.77. 42,000 shares of the company’s stock were exchanged, compared to its average volume of 46,200. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.73. The stock has a market cap of $800.26, a P/E ratio of 22.15 and a beta of 1.11. German American Bancorp, Inc. has a 1-year low of $28.71 and a 1-year high of $39.02.

A number of hedge funds and other institutional investors have recently bought and sold shares of GABC. Vanguard Group Inc. boosted its holdings in shares of German American Bancorp by 56.8% in the 2nd quarter. Vanguard Group Inc. now owns 865,786 shares of the bank’s stock valued at $29,514,000 after buying an additional 313,778 shares in the last quarter. FMR LLC boosted its holdings in shares of German American Bancorp by 50.0% in the 2nd quarter. FMR LLC now owns 837,597 shares of the bank’s stock valued at $28,554,000 after buying an additional 279,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of German American Bancorp by 53.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 765,212 shares of the bank’s stock valued at $26,086,000 after buying an additional 265,851 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of German American Bancorp by 114.2% in the 2nd quarter. Franklin Resources Inc. now owns 550,650 shares of the bank’s stock valued at $18,772,000 after buying an additional 293,550 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of German American Bancorp by 57.5% in the 2nd quarter. State Street Corp now owns 398,868 shares of the bank’s stock valued at $13,597,000 after buying an additional 145,547 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

GABC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. BidaskClub downgraded shares of 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 target on shares of German American Bancorp and gave the stock a “hold” rating in a research note on Wednesday. Finally, Hovde Group reaffirmed a “hold” rating on shares of German American Bancorp in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.25.

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German American Bancorp Company Profile

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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