German American Bancorp, Inc. Announces Quarterly Dividend of $0.13 (GABC)
German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, October 30th, NASDAQ reports. Stockholders of record on Friday, November 10th will be paid a dividend of 0.13 per share by the bank on Monday, November 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 9th.
Shares of German American Bancorp (NASDAQ GABC) traded up $0.77 during trading on Friday, hitting $36.03. The stock had a trading volume of 22,103 shares, compared to its average volume of 36,546. The company has a market capitalization of $835.34 million, a price-to-earnings ratio of 23.20 and a beta of 1.12. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.
In related news, Director Chris A. Ramsey purchased 3,180 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average cost of $32.35 per share, for a total transaction of $102,873.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris A. Ramsey purchased 1,587 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $31.55 per share, for a total transaction of $50,069.85. Following the completion of the acquisition, the director now owns 16,140 shares of the company’s stock, valued at approximately $509,217. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,029 shares of company stock worth $161,641. Company insiders own 8.51% of the company’s stock.
GABC has been the topic of several recent analyst reports. BidaskClub raised shares of German American Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of German American Bancorp from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, October 4th. Finally, ValuEngine downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. German American Bancorp presently has a consensus rating of “Hold” and an average target price of $39.75.
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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.
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