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

German American Bancorp, Inc. (NASDAQ:GABC) Director Diane B. Medley acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the acquisition, the director now owns 5,370 shares in the company, valued at $210,557.70. This trade represents a 22.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

German American Bancorp Stock Up 0.8 %

Shares of NASDAQ:GABC opened at $39.92 on Friday. The firm has a fifty day moving average price of $39.95 and a two-hundred day moving average price of $40.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.16 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.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.78 earnings per share 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 EPS for the current fiscal year.

German American Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, February 10th. This represents a $1.16 annualized dividend and a dividend yield of 2.91%. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27. German American Bancorp’s dividend payout ratio (DPR) is 41.13%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Piper Sandler cut their price objective 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. Keefe, Bruyette & Woods raised their price target 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.40.

Institutional Trading of German American Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in GABC. Cubist Systematic Strategies LLC purchased a new stake in shares of German American Bancorp during the 4th quarter valued at $35,000. Sterling Capital Management LLC raised its position in German American Bancorp by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 912 shares of the bank’s stock worth $37,000 after purchasing an additional 813 shares during the period. Tower Research Capital LLC TRC raised its position in German American Bancorp by 399.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 969 shares of the bank’s stock worth $39,000 after purchasing an additional 775 shares during the period. Quantbot Technologies LP purchased a new position in German American Bancorp in the 3rd quarter worth $99,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in German American Bancorp in the 4th quarter worth $201,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

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.