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GABC GERMAN AMERICAN BANCORP, INC. Insider Trading

Latest: Director Bought $2,000 of Shares · Mar 2026
93 filings analyzed · Latest 2026-04-17
Insider buys
93
Insider sells
0
Unique insiders
10
Direction
Net buying
April 2026
2026-04-17
low
SHEIDLER JACK Buy
25 shares
$1,100
@ $43.58
Significance 4/10

GABC Director Jack Sheidler buys 25 shares at $43.58; minor position increase to 66,930 shares

Jack Sheidler, a director at German American Bancorp, purchased 25 shares at $43.58 on 2026-04-15, adding minimally to his existing 66,904-share position. The transaction value of $1,100.00 represents a negligible 0.0% change to his holdings, indicating a routine, immaterial open-market acquisition rather than a significant commitment signal. At GABC specifically, Sheidler has executed 5 prior open-market buys over the past several months; his 2 measurable 90-day outcomes from prior trades at this ticker show 2 of 3 came with positive 90-day returns, but the current $1.1K purchase is too small and recent to establish a discernible directional pattern. The company's fundamentals are solid—revenue $126.5M in the latest quarter with 37.8% annual growth and a reasonable P/E of 12.83—but the stock has already appreciated 13.0% over the past 30 days and is currently trading at $44.14, only 0.6% below its 52-week high, leaving limited room for further near-term appreciation relative to the director's entry price.

2026-04-17
low
Bawel Zachary W Buy
23 shares
$1,000
@ $43.57
Significance 4/10

Director Bawel purchased 22 shares of GABC at $43.58; stock now $44.14, +13.0% in 30 days, amid strong financials (P/E 12.83, +37.8% revenue growth).

Director Zachary W Bawel acquired 22 shares of German American Bancorp at $43.58 on 2026-04-15, a modest $1,000.00 purchase that increased his holdings to 24,508 shares. The stock has appreciated 13.0% over the 30 days following this transaction and trades at $44.14, near its 52-week high of $44.43. At the same ticker, his prior 2 measurable trades at GABC showed well-timed 90-day outcomes (buy on 2026-01-15: +7.2%, buy on 2025-10-15: +0.3%), consistent with a 2-of-3 timing pattern at this security. The company's fundamentals remain strong: P/E of 12.83, annual revenue growth of +37.8%, net income of $35,074,000.00, and a market cap of $1,655,097,143.18. The transaction's small size relative to his 24.5K-share position and the near-peak stock valuation suggest this is an incremental holding decision rather than a material conviction statement.

March 2026
2026-03-17
medium
Bawel Zachary W Buy
25 shares
$1,000
@ $40.49
Significance 4/10

Director Zachary W Bawel buys 24 GABC shares at $40.48; stock down 10.4% from 52-week high amid insider cluster activity

Bawel acquired 24 shares of GERMAN AMERICAN BANCORP, INC. at $40.48 on 2026-03-17, a modest addition to his 24.5K share position. The purchase occurs as the stock trades at $39.75, down 10.4% from its 52-week high of $44.37 and down 8.0% over the past 30 days. His prior trades at GABC show mixed results: of 5 prior open-market purchases at this ticker, only 1 of 3 measurable trades achieved a positive 90-day return. Against his cross-ticker track record of 20 prior buys averaging +0.7% over 90 days with a 50% win rate, this purchase aligns with a pattern of frequent buying. Most notably, 4 other insiders also bought GABC within the past 14 days, establishing a cluster buy pattern. The underlying business shows strength—annual revenue growth of +37.8% with a P/E of 11.56—but the stock's recent price weakness and the director's modest commitment relative to existing holdings reflect muted conviction at current levels.

2026-03-17
medium
Ryan Christina M Buy
49 shares
$2,018
@ $40.84
Significance 4/10

Director Ryan Christina M purchased 49 GABC shares at $40.84; stock now $39.75 (-10.4% from 52-week high); part of 4-insider cluster buy in 14 days.

Director Ryan Christina M purchased 49 shares of German American Bancorp at $40.84 on 2026-03-17, bringing holdings to 17,382 shares, in a filing coinciding with three other insider purchases within 14 days. The transaction occurred as the stock trades at $39.75, down 10.4% from its 52-week high of $44.37 and off 8.0% over the past 30 days. At GABC specifically, this director's prior four completed trades show a 25% win rate at the 90-day mark (1 of 4 prior buys were well-timed), suggesting mixed timing acumen on this ticker; his cross-ticker track record of 20 prior buys posted a 52.63% 90d win rate with +3.3% average 90d return, establishing a baseline that exceeds same-ticker performance. The stock's fundamentals show strong growth—annual revenue growth of +37.8%, P/E of 11.56, and net income of $35.1M on latest quarterly revenue of $126.5M—providing context for whether the cluster activity reflects valuation opportunity or a routine seasonal pattern in insider trading at this institution.

2026-03-17
medium
Ellspermann Susan J Buy
49 shares
$2,000
@ $40.48
Significance 5/10

Director Ellspermann bought 49 GABC shares at $40.48; stock down 10.4% from 52-week high; cluster of 4 insiders buying within 14 days

Ellspermann Susan J purchased 49 shares of GABC at $40.48, adding to her 11,788-share position, in a transaction that occurred amid a recent price decline of 10.4% from the 52-week high of $44.37. At the same time, 4 other insiders also acquired shares within the past 14 days, suggesting coordinated or simultaneous conviction among the board. Her prior trades at GABC show mixed timing outcomes: 1 of 3 measurable 90-day periods yielded positive returns, indicating inconsistent predictive power at this ticker. The company's fundamentals remain sound with P/E of 11.56, recent quarterly revenue of $126.5M, and net income of $35.1M, alongside strong annual growth of 37.8%. The current price of $39.75 represents a pullback from the transaction price, making the timing and intent of this small purchase ($2.0K total) difficult to characterize definitively given the modest position increase of 49 shares.

2026-03-17
low
SHEIDLER JACK Buy
25 shares
$1,009
@ $40.85
Significance 3/10

Director Sheidler bought 24 GABC shares at $40.84 on 2026-03-17; cluster of 4 other insiders also bought in past 14 days.

Jack Sheidler, a director at German American Bancorp, purchased 24 shares at $40.84, adding to holdings of 66.9K shares in a minor transaction valued at $1.0K. The purchase is part of a cluster pattern where 4 other insiders also bought within the past 14 days, suggesting coordinated or momentum-driven activity rather than an isolated director transaction. However, Sheidler's same-ticker history at GABC shows mixed timing outcomes—1 of 3 prior buys achieved positive 90-day returns—and the current share price of $39.75 sits 10.4% below the 52-week high, indicating recent weakness. The company's fundamentals remain solid with annual revenue growth of +37.8% and a P/E of 11.56, but absent context on whether insiders are responding to valuation or other signals, the cluster buy pattern warrants observation as a potential volume or sentiment indicator.

2026-03-17
medium
Seger Andrew M Buy
52 shares
$2,100
@ $40.48
Significance 4/10

GABC director Seger bought 51 shares at $40.48 on 2026-03-17; stock down 10.4% from 52-week high, cluster buy pattern underway.

Director Andrew M Seger purchased 51 shares of GERMAN AMERICAN BANCORP, INC. at $40.48, increasing his holdings to 18,344 shares (+0.3%). The purchase occurs as the stock trades 10.4% below its 52-week high of $44.37 and has declined 8.0% over 30 days and 3.8% over 90 days. At the same ticker, Seger's prior five buys show mixed timing: only 1 of 3 measurable outcomes achieved positive 90-day returns, with his most recent same-ticker purchase on 2026-02-15 showing a 30-day loss of 8.9%. The transaction is part of a cluster pattern in which 4 other insiders also bought GABC within the past 14 days. The company's fundamentals remain solid with annual revenue growth of +37.8%, a P/E of 11.56, and net income of $35.1M on revenue of $126.5M in the latest quarter.

February 2026
2026-02-18
low
Seger Andrew M Buy
23 shares
$1,000
@ $43.63
Significance 3/10

Director Seger Andrew M purchased 22 shares of GABC at $43.64 on 2026-02-15, totaling $1.0K, raising holdings to 18.3K shares.

Seger Andrew M acquired 22 shares of German American Bancorp at $43.64, a modest transaction representing a 0.1% increase in his 18.3K-share position. The purchase occurred at a price just under the 52-week high of $44.37, and currently sits above the transaction price at $43.19, placing it within the upper range of recent trading activity. At GABC specifically, Seger has completed 4 prior trades: two buys exhibited measurable 90-day outcomes (one returning +10.6%, the other -0.6%), while timing analysis shows only 1 of 2 prior buys achieved positive 90-day returns. The company's fundamentals remain solid with annual revenue growth of +11.6%, net income of $35.1M on revenue of $126.5M, and a P/E of 16.18, supporting a market cap of $1.6B. The small share count and value suggest a routine portfolio rebalancing or maintenance activity rather than a material conviction signal.

January 2026
2026-01-16
medium
SHEIDLER JACK Buy
25 shares
$1,000
@ $40.60
Significance 4/10

Director Sheidler buys 24 GABC shares at $40.60; cluster buy pattern with 2 other insiders in 14 days.

Jack Sheidler, a director of German American Bancorp, purchased 24 shares at $40.60, a modest acquisition that boosted his holdings to 66,768 shares. The transaction is part of a cluster buy pattern where 2 other insiders also bought within the past 14 days, suggesting coordinated board or management-level interest at current levels. At his prior trades in GABC stock, Sheidler's timing record shows mixed results—2 of 4 measurable purchases generated positive 90-day returns (+0.3%, +8.3%), while 2 were down (-0.6%, -6.0%) after 90 days. The company's fundamentals appear solid with recent quarterly net income of $35,074,000.00, annual revenue growth of +11.6%, and a reasonable P/E of 15.10, though the stock is now -3.9% from its 52-week high and down -2.5% in the past 30 days.

2026-01-16
medium
Ellspermann Susan J Buy
25 shares
$1,000
@ $40.60
Significance 4/10

Director Susan J Ellspermann bought 24 shares of GABC at $40.60 on 2026-01-15; part of cluster of 2 other insider purchases in past 14 days

Ellspermann's purchase of 24 shares at $40.60 represents a modest addition to her 11,663-share position. The transaction occurs within a cluster of 2 other insider buys in the prior 14 days, indicating multiple board or management personnel are actively purchasing at current levels. At the fundamental level, GABC shows solid performance: annual revenue growth of +11.6% and a P/E of 15.10 on $35.1M net income (latest quarter), though the current price of $40.31 reflects a -3.9% decline from the 52-week high and a -2.5% 30-day pullback. Ellspermann's same-ticker history shows mixed outcomes—only 1 of 3 prior buy trades with measurable 90-day results were ultimately well-timed (that trade yielded positive 90d return), while the most recent buy on 2025-12-15 is still within its 30-day window at -3.8%.

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