German American Bancorp, Inc. (GABC) Director Chris A. Ramsey Acquires 9,884 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Chris A. Ramsey acquired 9,884 shares of the stock in a transaction on Tuesday, December 26th. The shares were bought at an average cost of $35.75 per share, for a total transaction of $353,353.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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 12 month low of $28.71 and a 12 month high of $39.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $800.24, a P/E ratio of 20.41 and a beta of 1.12.

A number of large investors have recently bought and sold shares of GABC. SG Americas Securities LLC purchased a new stake in German American Bancorp in the third quarter valued at $114,000. Great West Life Assurance Co. Can purchased a new stake in German American Bancorp in the third quarter valued at $116,000. Legal & General Group Plc raised its position in German American Bancorp by 56.3% in the second quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock valued at $181,000 after purchasing an additional 1,914 shares during the period. Susquehanna International Group LLP purchased a new stake in German American Bancorp in the second quarter valued at $221,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in German American Bancorp by 50.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,558 shares of the bank’s stock valued at $258,000 after purchasing an additional 2,519 shares during the period. Institutional investors own 36.39% of the company’s stock.

A number of research firms have weighed in on GABC. Zacks Investment Research raised German American Bancorp from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub lowered German American Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.75.

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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)

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