German American Bancorp, Inc. (GABC) Director Buys $100,190.76 in Stock
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.
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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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