German American Bancorp, Inc. (NASDAQ:GABC) Director Chris A. Ramsey acquired 2,852 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average cost of $35.13 per share, with a total value of $100,190.76. Following the transaction, the director now owns 16,969 shares in the company, valued at $596,120.97. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of German American Bancorp, Inc. (NASDAQ:GABC) traded down $0.43 on Wednesday, hitting $34.90. 50,400 shares of the stock were exchanged, compared to its average volume of 56,650. German American Bancorp, Inc. has a 52 week low of $28.71 and a 52 week high of $39.02. The company has a market cap of $800.24, a P/E ratio of 20.41 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

A number of brokerages have recently commented on GABC. Zacks Investment Research raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub downgraded shares of 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 stock. German American Bancorp has an average rating of “Hold” and an average target price of $39.75.

Several institutional investors and hedge funds have recently made changes to their positions in GABC. SG Americas Securities LLC bought a new position in shares of German American Bancorp in the 3rd quarter valued at about $114,000. Great West Life Assurance Co. Can bought a new stake in shares of German American Bancorp during the 3rd quarter worth about $116,000. Legal & General Group Plc boosted its holdings in shares of German American Bancorp by 56.3% during the 2nd quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock worth $181,000 after buying an additional 1,914 shares during the period. Susquehanna International Group LLP bought a new stake in shares of German American Bancorp during the 2nd quarter worth about $221,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of German American Bancorp by 50.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,558 shares of the bank’s stock worth $258,000 after buying an additional 2,519 shares during the period. 36.39% of the stock is owned by institutional investors.

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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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