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JASPER, Ind.—Jack Sheidler, a director at German American Bancorp, Inc. (NASDAQ:GABC), recently acquired 44.52 shares of the company’s common stock. The purchase, executed on February 15, 2025, was made at a price of $40.35 per share, totaling approximately $1,796. The regional bank, with a market capitalization of $1.18 billion, trades at a P/E ratio of 14.05 and currently offers a dividend yield of 2.89%.
This transaction was conducted through the company’s Dividend Reinvestment and Stock Purchase Plan, allowing directors to use a portion of their compensation to buy additional shares. Following this acquisition, Sheidler’s direct ownership in the company increased to 63,795.04 shares. According to InvestingPro data, GABC has maintained dividend payments for 33 consecutive years and raised its dividend for 12 straight years, demonstrating strong commitment to shareholder returns. The stock currently appears slightly undervalued based on InvestingPro’s Fair Value analysis.
In other recent news, German American Bancorp has received final regulatory approval for its merger with Heartland BancCorp (OTC:HLAN), marking a significant milestone in the merger process. The merger, initially announced in July 2024, is expected to be completed by February 1, 2025, pending the fulfillment of customary closing conditions. Shareholders of both companies have already approved the merger, demonstrating strong support with a majority vote in favor. This strategic move is anticipated to enhance the market presence and operational scale of the combined entity. In addition to the merger developments, German American Bancorp announced the resignation of Thomas W. Seger from its Board of Directors, effective December 31, 2024. Seger’s resignation is intended to provide the Board with greater flexibility for future appointments and is not due to any disagreements with the company. As part of his departure, the vesting of his restricted stock has been accelerated. Investors are advised to review the recent SEC filings for further details on these developments.
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