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

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) Director Diane B. Medley bought 1,000 shares of German American Bancorp stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the completion of the transaction, the director now directly owns 5,370 shares in the company, valued at $210,557.70. This represents a 22.88 % 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 Stock Performance

Shares of German American Bancorp stock traded up $0.33 on Monday, reaching $40.25. 196,245 shares of the stock were exchanged, compared to its average volume of 116,929. The business has a 50 day moving average price of $39.94 and a two-hundred day moving average price of $40.86. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.27 and a beta of 0.64. German American Bancorp, Inc. has a twelve month low of $31.06 and a twelve month high of $47.08. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27.

German American Bancorp (NASDAQ:GABC - Get Free Report) 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%. Analysts anticipate that German American Bancorp, Inc. will post 3.06 earnings per share for the current fiscal year.

German American Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from German American Bancorp's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.88%. German American Bancorp's payout ratio is currently 41.13%.

Wall Street Analyst Weigh In

A number of analysts recently commented on GABC shares. Keefe, Bruyette & Woods lifted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Piper Sandler decreased their price target on shares of German American Bancorp from $49.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $46.40.

Institutional Investors Weigh In On German American Bancorp

Several hedge funds have recently added to or reduced their stakes in GABC. Cerity Partners LLC lifted its holdings in shares of German American Bancorp by 1.1% in the 3rd quarter. Cerity Partners LLC now owns 30,922 shares of the bank's stock valued at $1,198,000 after buying an additional 323 shares during the period. BNP Paribas Financial Markets lifted its holdings in German American Bancorp by 6.2% in the third quarter. BNP Paribas Financial Markets now owns 6,220 shares of the bank's stock valued at $241,000 after acquiring an additional 365 shares during the period. Quantbot Technologies LP lifted its holdings in German American Bancorp by 15.2% in the fourth quarter. Quantbot Technologies LP now owns 2,952 shares of the bank's stock valued at $119,000 after acquiring an additional 389 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its position in German American Bancorp by 4.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 10,371 shares of the bank's stock worth $417,000 after purchasing an additional 405 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of German American Bancorp by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,221 shares of the bank's stock worth $652,000 after purchasing an additional 536 shares during the period. 46.90% of the stock is owned by hedge funds and other institutional investors.

About German American Bancorp

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.