German American Bancorp, Inc. (NASDAQ:GABC) Director Chris A. Ramsey acquired 1,587 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $31.55 per share, for a total transaction of $50,069.85. Following the completion of the purchase, the director now directly owns 16,140 shares in the company, valued at approximately $509,217. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of German American Bancorp, Inc. (GABC) traded up 3.19% during midday trading on Monday, hitting $32.65. 17,537 shares of the company’s stock traded hands. The stock has a market cap of $748.63 million, a P/E ratio of 18.86 and a beta of 1.16. The company has a 50 day moving average of $34.19 and a 200 day moving average of $32.44. German American Bancorp, Inc. has a 52 week low of $22.87 and a 52 week high of $36.31.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $32.61 million for the quarter, compared to analyst estimates of $33.20 million. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. On average, equities analysts forecast that German American Bancorp, Inc. will post $1.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, August 20th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, August 8th. German American Bancorp’s dividend payout ratio (DPR) is 32.57%.

COPYRIGHT VIOLATION WARNING: “Chris A. Ramsey Purchases 1,587 Shares of German American Bancorp, Inc. (NASDAQ:GABC) Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/08/14/chris-a-ramsey-purchases-1587-shares-of-german-american-bancorp-inc-nasdaqgabc-stock.html.

GABC has been the topic of several recent research reports. Zacks Investment Research raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 21st. Sandler O’Neill cut shares of German American Bancorp from a “buy” rating to a “hold” rating and boosted their price objective for the company from $33.00 to $36.00 in a research note on Wednesday, April 26th. Hilliard Lyons reissued an “underperform” rating and issued a $33.00 price objective on shares of German American Bancorp in a research note on Wednesday, April 26th. Finally, BidaskClub raised shares of German American Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. German American Bancorp has an average rating of “Hold” and a consensus price target of $38.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its position in shares of German American Bancorp by 27.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,646 shares of the bank’s stock worth $883,000 after buying an additional 3,980 shares during the period. Spark Investment Management LLC raised its position in shares of German American Bancorp by 56.6% in the first quarter. Spark Investment Management LLC now owns 11,900 shares of the bank’s stock worth $563,000 after buying an additional 4,300 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of German American Bancorp during the first quarter worth approximately $312,000. American International Group Inc. raised its position in shares of German American Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 8,749 shares of the bank’s stock worth $414,000 after buying an additional 587 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of German American Bancorp by 29.7% in the first quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after buying an additional 767 shares during the period. 23.84% of the stock is currently owned by institutional investors.

German American Bancorp Company Profile

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)

Receive News & Ratings for German American Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.