German American Bancorp, Inc. (NASDAQ:GABC) Director U Butch Klem purchased 578 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was acquired at an average price of $34.63 per share, with a total value of $20,016.14. Following the completion of the purchase, the director now owns 170,272 shares of the company’s stock, valued at approximately $5,896,519.36. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

German American Bancorp, Inc. (NASDAQ GABC) traded up 0.51% during midday trading on Thursday, reaching $35.17. The company’s stock had a trading volume of 4,618 shares. The firm has a market capitalization of $806.41 million, a PE ratio of 20.34 and a beta of 1.15. German American Bancorp, Inc. has a 1-year low of $22.12 and a 1-year high of $36.31. The stock’s 50-day moving average price is $33.00 and its 200 day moving average price is $41.22.

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GABC has been the subject of a number of research analyst reports. Sandler O’Neill cut German American Bancorp from a “buy” rating to a “hold” rating and increased their price target for the company from $33.00 to $36.00 in a research note on Wednesday, April 26th. Zacks Investment Research cut German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Hilliard Lyons reiterated an “underperform” rating and issued a $33.00 price target on shares of German American Bancorp in a research note on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 price target on shares of German American Bancorp in a research note on Monday, April 10th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GABC. FMR LLC boosted its position in German American Bancorp by 8.2% in the fourth quarter. FMR LLC now owns 672,398 shares of the bank’s stock valued at $35,375,000 after buying an additional 50,701 shares in the last quarter. Vanguard Group Inc. boosted its position in German American Bancorp by 9.2% in the first quarter. Vanguard Group Inc. now owns 552,008 shares of the bank’s stock valued at $26,132,000 after buying an additional 46,631 shares in the last quarter. State Street Corp boosted its position in German American Bancorp by 13.6% in the fourth quarter. State Street Corp now owns 261,893 shares of the bank’s stock valued at $13,779,000 after buying an additional 31,374 shares in the last quarter. Renaissance Technologies LLC boosted its position in German American Bancorp by 33.3% in the first quarter. Renaissance Technologies LLC now owns 101,700 shares of the bank’s stock valued at $4,814,000 after buying an additional 25,400 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in German American Bancorp during the first quarter valued at about $1,083,000. 22.55% of the stock is owned by institutional investors and hedge funds.

About German American Bancorp

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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