Thomas W. Seger Buys 3,000 Shares of German American Bancorp, Inc. (NASDAQ:GABC) Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Thomas W. Seger purchased 3,000 shares of German American Bancorp stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $36.80 per share, for a total transaction of $110,400.00. Following the transaction, the director now directly owns 484,342 shares in the company, valued at approximately $17,823,785.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

German American Bancorp Trading Up 1.5 %

Shares of GABC stock opened at $37.40 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.12 and a beta of 0.62. German American Bancorp, Inc. has a twelve month low of $24.85 and a twelve month high of $42.78. The stock’s fifty day simple moving average is $35.95 and its 200 day simple moving average is $33.75.

German American Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, August 9th. German American Bancorp’s dividend payout ratio (DPR) is currently 37.89%.

Institutional Investors Weigh In On German American Bancorp

Several hedge funds have recently added to or reduced their stakes in GABC. EntryPoint Capital LLC raised its stake in shares of German American Bancorp by 186.2% during the first quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock valued at $71,000 after acquiring an additional 1,339 shares during the last quarter. LSV Asset Management bought a new position in German American Bancorp during the 4th quarter worth $120,000. SG Americas Securities LLC acquired a new position in German American Bancorp during the 4th quarter worth about $142,000. Renaissance Technologies LLC bought a new stake in shares of German American Bancorp in the 2nd quarter valued at about $207,000. Finally, Virtu Financial LLC acquired a new stake in shares of German American Bancorp in the fourth quarter valued at about $251,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler upped their target price on German American Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Raymond James upped their price objective on German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Hovde Group lifted their target price on German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, May 31st. Finally, StockNews.com cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.67.

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.