Bullish indicating open at $55-$60, IPO prices at $37
Jasper, IN – On May 20, 2025, Kelly Jason M, a director at German American Bancorp, Inc. (NASDAQ:GABC), reported the sale of 2,514.758 shares of common stock. The shares were sold at an average price of $39.5483, amounting to a total transaction value of $99,454. The regional bank, currently valued at $1.45 billion, has shown strong financial performance with a 21.6% return over the past year. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate. Following this sale, Kelly Jason M holds 11,672.6759 shares directly. These figures include additional shares acquired through the company’s Dividend Reinvestment Plan. The bank has maintained dividend payments for 33 consecutive years, with a current yield of 2.92% and impressive dividend growth of 7.4% over the last year. InvestingPro subscribers can access additional insights, including 6 more key investment tips for GABC.
In other recent news, German American Bancorp announced the completion of its acquisition of Heartland BancCorp (OTC:HLAN), increasing its assets to $8.4 billion. The systems conversion for Heartland BancCorp was successfully completed, with cost savings expected to materialize by the third quarter of 2025. Analysts at Stephens have adjusted their price target for the bank to $46 from $48, maintaining an Overweight rating. The bank’s core net interest margin increased by 22 basis points to 3.72%, supported by favorable movements in asset yields and funding costs. Stephens also noted the bank’s strong capital position, with a CET1 capital ratio of 12.7%, and a projected ROA of 160 basis points for 2026. Additionally, German American Bancorp held its annual shareholder meeting, electing four directors and approving executive compensation and an independent auditor for 2025. The company also announced a 2025 Management Incentive Plan, linking executive compensation to corporate and individual performance goals. This plan includes both short-term and long-term incentives, with awards based on metrics such as core earnings per share and return on equity.
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