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Director Kelly Jason M of German American Bancorp (NASDAQ:GABC), a $1.53 billion regional bank with a strong dividend track record, recently purchased 493.9284 shares of common stock at a price of $40.4917 per share, totaling approximately $20,000. The bank currently offers a 2.89% dividend yield and has maintained dividend payments for 33 consecutive years.
The transaction, which occurred on July 15, 2025, was disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC). Following the transaction, Kelly directly owns 13559.3070 shares of German American Bancorp. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculation, with additional insights available through the platform’s comprehensive financial health assessment.
The purchase was made through the Issuer’s Dividend Reinvestment and Stock Purchase Plan, as elected by Kelly to use a portion of his director compensation to acquire the shares. InvestingPro subscribers can access additional insights about GABC’s dividend growth history and financial health metrics.
In other recent news, German American Bancorp announced the appointment of Andrew Seger to its corporate board of directors, effective July 1, 2025. Seger brings a wealth of experience in agriculture, business, finance, and customer relations, which CEO D. Neil Dauby noted as valuable assets to the organization. In the financial sector, Stephens, a financial services firm, adjusted its price target for German American Bancorp to $46, down from $48, while maintaining an Overweight rating. This follows the successful acquisition and systems conversion of Heartland BancCorp (OTC:HLAN), which increased the bank’s assets to $8.4 billion. Analysts at Stephens expect the cost savings from this acquisition to be realized by the third quarter of 2025.
Furthermore, the bank’s core net interest margin increased by 22 basis points, reaching 3.72%, due to favorable movements in yields and funding costs. German American Bancorp also held its annual shareholder meeting, resulting in the re-election of four directors and the approval of executive compensation and an independent auditor for 2025. The directors re-elected include Zachary W. Bawel, D. Neil Dauby, Susan J. Ellspermann, and G. Scott McComb. The advisory proposals for executive compensation and the appointment of Crowe LLP as the independent auditor were approved by a majority vote. These developments reflect the company’s strategic moves and shareholder confidence in its governance and financial strategies.
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