Insider Buying: German American Bancorp, Inc. (GABC) Director Buys 3,055 Shares of Stock

German American Bancorp, Inc. (NASDAQ:GABC) Director Chris A. Ramsey acquired 3,055 shares of the firm’s stock in a transaction on Wednesday, December 26th. The shares were purchased at an average cost of $36.00 per share, for a total transaction of $109,980.00. Following the completion of the purchase, the director now directly owns 16,969 shares of the company’s stock, valued at approximately $610,884. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

German American Bancorp, Inc. (NASDAQ GABC) traded down $0.43 on Wednesday, hitting $34.90. 50,400 shares of the stock traded hands, compared to its average volume of 56,650. German American Bancorp, Inc. has a twelve month low of $28.71 and a twelve 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 company has a market capitalization of $800.24, a PE ratio of 20.41 and a beta of 1.12.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of German American Bancorp by 56.8% during the second quarter. Vanguard Group Inc. now owns 865,786 shares of the bank’s stock valued at $29,514,000 after purchasing an additional 313,778 shares during the last quarter. FMR LLC grew its stake in shares of German American Bancorp by 50.0% during the second quarter. FMR LLC now owns 837,597 shares of the bank’s stock valued at $28,554,000 after purchasing an additional 279,199 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of German American Bancorp by 53.2% during the second quarter. Dimensional Fund Advisors LP now owns 765,212 shares of the bank’s stock valued at $26,086,000 after purchasing an additional 265,851 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of German American Bancorp by 114.2% during the second quarter. Franklin Resources Inc. now owns 550,650 shares of the bank’s stock valued at $18,772,000 after purchasing an additional 293,550 shares during the last quarter. Finally, State Street Corp grew its stake in shares of German American Bancorp by 57.5% during the second quarter. State Street Corp now owns 398,868 shares of the bank’s stock valued at $13,597,000 after purchasing an additional 145,547 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on GABC shares. Zacks Investment Research raised shares of German American Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, October 4th. BidaskClub cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock 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.

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

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