Zachary W. Bawel, a director at German American Bancorp, Inc. (NASDAQ:GABC), recently acquired shares valued at $849. According to a recent SEC filing, Bawel purchased 18.7617 shares of common stock at a price of $45.305 per share. This transaction was part of a prior election to use a portion of his director compensation to buy shares through the company's Dividend Reinvestment and Stock Purchase Plan. Following this acquisition, Bawel's total direct ownership stands at 20,333.9852 shares.
InvestingPro Insights
The recent share acquisition by director Zachary W. Bawel aligns with German American Bancorp's strong financial performance and shareholder-friendly policies. According to InvestingPro data, GABC boasts a market capitalization of $1.35 billion and a P/E ratio of 16.39, suggesting a reasonable valuation relative to its earnings.
An InvestingPro Tip highlights that German American Bancorp has raised its dividend for 12 consecutive years, demonstrating a commitment to returning value to shareholders. This is further reinforced by the company's dividend yield of 2.37% and an impressive dividend growth rate of 8% over the last twelve months.
The bank's stock has shown remarkable strength, with a one-year price total return of 56.8% and a year-to-date return of 45.04%. This performance is reflected in another InvestingPro Tip, which notes that GABC is trading near its 52-week high, currently at 97.18% of that peak.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into German American Bancorp's financial health and future prospects. The platform currently lists 10 additional tips for GABC, which could be valuable for those considering an investment in this regional banking stock.
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