German American Bancorp, Inc. (NASDAQ:GABC) Director Jason M. Kelly Sells 2,515 Shares

German American Bancorp, Inc. (NASDAQ:GABC) Director Jason M. Kelly sold 2,515 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $39.55, for a total value of $99,468.25. Following the transaction, the director now directly owns 11,673 shares of the company’s stock, valued at approximately $461,667.15. This trade represents a 17.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

German American Bancorp Stock Down 0.3%

German American Bancorp stock opened at $37.90 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 13.44 and a beta of 0.61. The stock has a fifty day simple moving average of $37.34 and a two-hundred day simple moving average of $40.07. German American Bancorp, Inc. has a 12 month low of $31.06 and a 12 month high of $47.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, April 28th. The bank reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $81.41 million during the quarter, compared to analyst estimates of $79.60 million. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. Equities analysts predict that German American Bancorp, Inc. will post 3.06 EPS for the current fiscal year.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Saturday, May 10th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, May 9th. German American Bancorp’s payout ratio is 46.77%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler reduced their price objective on German American Bancorp from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods raised their price objective on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.20.

Institutional Trading of German American Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in shares of German American Bancorp by 577.6% in the 3rd quarter. Barclays PLC now owns 69,271 shares of the bank’s stock worth $2,684,000 after purchasing an additional 59,048 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of German American Bancorp by 154.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,850 shares of the bank’s stock worth $2,358,000 after purchasing an additional 36,954 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of German American Bancorp in the 4th quarter worth $489,000. Charles Schwab Investment Management Inc. boosted its stake in shares of German American Bancorp by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 999,381 shares of the bank’s stock worth $40,195,000 after buying an additional 44,845 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of German American Bancorp in the 4th quarter worth $201,000. Institutional investors own 46.90% of the company’s stock.

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.