Chris A. Ramsey Purchases 3,977 Shares of German American Bancorp, Inc. (GABC) Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Chris A. Ramsey purchased 3,977 shares of the stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of $36.00 per share, with a total value of $143,172.00. Following the transaction, the director now owns 16,969 shares in the company, valued at $610,884. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of German American Bancorp, Inc. (NASDAQ GABC) traded down $0.43 during trading hours on Wednesday, reaching $34.90. The company’s stock had a trading volume of 50,400 shares, compared to its average volume of 56,650. German American Bancorp, Inc. has a fifty-two week low of $28.71 and a fifty-two week high of $39.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The stock has a market cap of $800.24, a price-to-earnings ratio of 20.41 and a beta of 1.12.

A number of large investors have recently modified their holdings of the business. GSA Capital Partners LLP raised its position in German American Bancorp by 390.2% in the 3rd quarter. GSA Capital Partners LLP now owns 40,933 shares of the bank’s stock worth $1,557,000 after buying an additional 32,583 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in German American Bancorp in the 3rd quarter worth about $449,000. Grandeur Peak Global Advisors LLC purchased a new position in German American Bancorp in the 3rd quarter worth about $691,000. Schwab Charles Investment Management Inc. raised its position in German American Bancorp by 2.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 92,523 shares of the bank’s stock worth $3,519,000 after buying an additional 2,259 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in German American Bancorp by 49.1% in the 3rd quarter. Wells Fargo & Company MN now owns 26,531 shares of the bank’s stock worth $1,009,000 after buying an additional 8,734 shares during the last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.

GABC has been the subject of a number of recent analyst reports. Zacks Investment Research raised German American Bancorp from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, October 4th. BidaskClub lowered German American Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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.

Insider Buying and Selling by Quarter for German American Bancorp (NASDAQ:GABC)

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