German American Bancorp, Inc. (NASDAQ:GABC) Director Thomas W. Seger Acquires 2,495 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Thomas W. Seger acquired 2,495 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average price of $28.54 per share, with a total value of $71,207.30. Following the acquisition, the director now directly owns 438,925 shares of the company’s stock, valued at approximately $12,526,919.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

German American Bancorp Price Performance

Shares of NASDAQ:GABC opened at $28.89 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $854.28 million, a PE ratio of 9.26 and a beta of 0.66. German American Bancorp, Inc. has a twelve month low of $26.03 and a twelve month high of $40.70. The company has a 50-day moving average price of $28.93 and a two-hundred day moving average price of $30.10.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, July 31st. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $63.15 million during the quarter, compared to analyst estimates of $62.55 million. German American Bancorp had a net margin of 30.75% and a return on equity of 16.27%. Equities analysts forecast that German American Bancorp, Inc. will post 2.8 EPS for the current year.

German American Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, August 20th. Shareholders of record on Thursday, August 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Wednesday, August 9th. This is a positive change from German American Bancorp’s previous quarterly dividend of $0.17. German American Bancorp’s dividend payout ratio (DPR) is currently 32.05%.

Hedge Funds Weigh In On German American Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Trust Walden Corp boosted its position in shares of German American Bancorp by 2.8% in the first quarter. Boston Trust Walden Corp now owns 229,681 shares of the bank’s stock valued at $7,664,000 after acquiring an additional 6,233 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of German American Bancorp by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,672 shares of the bank’s stock valued at $846,000 after acquiring an additional 1,799 shares during the period. L.M. Kohn & Company bought a new stake in German American Bancorp during the first quarter valued at approximately $13,622,000. First Trust Advisors LP lifted its position in German American Bancorp by 46.7% during the fourth quarter. First Trust Advisors LP now owns 52,141 shares of the bank’s stock valued at $1,945,000 after purchasing an additional 16,595 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its position in German American Bancorp by 13.3% during the first quarter. Aptus Capital Advisors LLC now owns 86,505 shares of the bank’s stock valued at $2,887,000 after purchasing an additional 10,162 shares during the last quarter. Institutional investors own 44.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GABC. TheStreet downgraded shares of German American Bancorp from a “b-” rating to a “c+” rating in a report on Friday, May 19th. StockNews.com initiated coverage on shares of German American Bancorp in a report on Thursday, August 17th. They set a “sell” rating for the company.

About German American Bancorp

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.