Thomas W. Seger, a director at German American Bancorp, Inc. (NASDAQ:GABC), recently acquired shares of the company's common stock. According to a recent filing, Seger purchased shares valued at $849. The shares were acquired at a price of $45.305 each, as part of the company's Dividend Reinvestment and Stock Purchase Plan. This transaction increased Seger's holdings to 465,096.0757 shares, which are jointly owned with his spouse. The purchase reflects Seger's ongoing investment in the financial institution headquartered in Jasper, Indiana.
InvestingPro Insights
Thomas W. Seger's recent acquisition of German American Bancorp, Inc. (NASDAQ:GABC) shares aligns with several positive trends highlighted by InvestingPro data. The company's stock is currently trading near its 52-week high, with a price at 97.18% of its peak. This strong performance is reflected in the impressive total returns over various timeframes: 13.22% in the past month, 19.28% over three months, and a substantial 56.8% over the past year.
InvestingPro Tips reveal that GABC has raised its dividend for 12 consecutive years, demonstrating a commitment to shareholder returns that complements Seger's participation in the Dividend Reinvestment and Stock Purchase Plan. The company's dividend yield stands at 2.37%, with a notable dividend growth of 8.0% in the last twelve months.
Despite these positive indicators, investors should be aware that GABC suffers from weak gross profit margins, according to another InvestingPro Tip. However, the company remains profitable, with a P/E ratio of 16.39 and a market capitalization of $1.35 billion.
For those interested in a deeper analysis, InvestingPro offers 7 additional tips that could provide further insights into GABC's financial health and market position.
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