German American Bancorp., Inc. (NASDAQ:GABC) Director Chris A. Ramsey bought 27,509 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were acquired at an average price of $36.85 per share, with a total value of $1,013,706.65. Following the purchase, the director now owns 17,274 shares in the company, valued at $636,546.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Chris A. Ramsey also recently made the following trade(s):
- On Tuesday, May 29th, Chris A. Ramsey bought 2,228 shares of German American Bancorp. stock. The shares were acquired at an average price of $35.80 per share, with a total value of $79,762.40.
NASDAQ:GABC traded down $0.06 during mid-day trading on Thursday, hitting $37.01. 984 shares of the company’s stock traded hands, compared to its average volume of 43,420. German American Bancorp., Inc. has a 12 month low of $30.62 and a 12 month high of $39.02. The company has a market cap of $849.34 million, a price-to-earnings ratio of 22.20 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.75.
The firm also recently announced a quarterly dividend, which was paid on Sunday, May 20th. Investors of record on Thursday, May 10th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.62%. German American Bancorp.’s payout ratio is 35.93%.
A number of large investors have recently made changes to their positions in the stock. Arbor Wealth Management LLC boosted its stake in German American Bancorp. by 13.0% during the 1st quarter. Arbor Wealth Management LLC now owns 18,600 shares of the bank’s stock valued at $649,000 after purchasing an additional 2,140 shares during the period. United Capital Financial Advisers LLC bought a new stake in shares of German American Bancorp. in the 1st quarter worth approximately $345,000. The Manufacturers Life Insurance Company lifted its position in shares of German American Bancorp. by 18.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 298,736 shares of the bank’s stock worth $9,963,000 after acquiring an additional 46,035 shares during the period. Champlain Investment Partners LLC lifted its position in shares of German American Bancorp. by 6.1% in the 1st quarter. Champlain Investment Partners LLC now owns 959,730 shares of the bank’s stock worth $32,007,000 after acquiring an additional 54,770 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of German American Bancorp. by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 798,628 shares of the bank’s stock worth $26,634,000 after acquiring an additional 41,192 shares during the period. Hedge funds and other institutional investors own 36.19% of the company’s stock.
Several analysts recently weighed in on the company. BidaskClub upgraded German American Bancorp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. German American Bancorp. presently has a consensus rating of “Hold” and a consensus target price of $36.50.
German American Bancorp. Company Profile
German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various 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.
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