German American Bancorp., Inc. (NASDAQ:GABC) was upgraded by analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

A number of other research firms have also issued reports on GABC. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price target on shares of German American Bancorp. in a research report on Monday, April 10th. Sandler O’Neill upgraded German American Bancorp. from a “hold” rating to a “buy” rating in a research report on Tuesday, March 28th. Finally, Zacks Investment Research lowered German American Bancorp. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.50.

German American Bancorp. (NASDAQ:GABC) traded up 1.36% during midday trading on Thursday, hitting $31.41. The stock had a trading volume of 4,142 shares. The company has a market cap of $720.20 million, a PE ratio of 18.17 and a beta of 1.12. German American Bancorp. has a 12-month low of $20.36 and a 12-month high of $36.31. The firm has a 50-day moving average of $37.46 and a 200-day moving average of $45.93.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, May 20th. Investors of record on Wednesday, May 10th were issued a $0.13 dividend. The ex-dividend date was Monday, May 8th. This is a boost from German American Bancorp.’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. German American Bancorp.’s dividend payout ratio is currently 32.48%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank acquired a new position in German American Bancorp. during the fourth quarter worth approximately $496,000. FMR LLC boosted its position in German American Bancorp. by 8.2% in the fourth quarter. FMR LLC now owns 672,398 shares of the bank’s stock worth $35,375,000 after buying an additional 50,701 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in German American Bancorp. during the fourth quarter worth approximately $788,000. Renaissance Technologies LLC boosted its position in German American Bancorp. by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 76,300 shares of the bank’s stock worth $4,014,000 after buying an additional 3,400 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in German American Bancorp. by 60.9% in the fourth quarter. Franklin Resources Inc. now owns 207,700 shares of the bank’s stock worth $10,927,000 after buying an additional 78,600 shares in the last quarter. Hedge funds and other institutional investors own 29.89% of the company’s stock.

About German American Bancorp.

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

12 Month Chart for NASDAQ:GABC

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