Jack Sheidler, a director at German American Bancorp, Inc. (NASDAQ:GABC), a regional bank with a market capitalization of $1.45 billion, has recently increased his stake in the company. According to a Form 4 filing with the Securities and Exchange Commission, Sheidler purchased 46.1775 shares of common stock on March 15, 2025. The shares were acquired at a price of $38.98 each, totaling approximately $1,799.
This transaction was made as part of a pre-existing arrangement under the company’s Dividend Reinvestment and Stock Purchase Plan, which allows directors to use their compensation to purchase additional shares. The company currently offers a 2.99% dividend yield and has maintained dividend payments for 33 consecutive years, with 12 years of consecutive increases, according to InvestingPro. Following this acquisition, Sheidler’s direct ownership in the company stands at 63,924.7153 shares. Trading at a P/E ratio of 13.6, InvestingPro analysis suggests the stock is currently undervalued.
In other recent news, German American Bancorp has received final regulatory approval for its merger with Heartland BancCorp (OTC:HLAN). The Indiana Department of Financial Institutions granted the final nod, completing the regulatory process that included endorsements from the Federal Deposit Insurance Corporation and a waiver from the Federal Reserve Board of Governors. Shareholders from both companies have approved the merger, which is expected to become effective on February 1, 2025, pending customary closing conditions. This strategic move will result in Heartland Bancorp merging into German American Bancorp, with Heartland Bank integrating into German American Bank. The merger aims to enhance the market presence and operational scale of the combined entity. These developments were disclosed in a recent SEC filing by German American Bancorp.
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