Zachary W. Bawel, a director at German American Bancorp, Inc. (NASDAQ:), a regional bank with a market capitalization of $1.16 billion and a P/E ratio of 14.05, has recently acquired shares of the company. According to a recent filing, Bawel purchased 21.7747 shares at an average price of $39.0362 per share, totaling approximately $850. 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. The company has maintained dividend payments for 32 consecutive years and currently offers a 2.78% yield. According to InvestingPro, the stock appears slightly undervalued based on its Fair Value analysis, with analysts setting price targets up to $50 per share. Following this purchase, Bawel holds a total of 20,475.0877 shares directly in the company.
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