German American Bancorp, Inc. (NASDAQ:GABC) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $38.67.

Several research analysts have weighed in on GABC shares. Zacks Investment Research upgraded German American Bancorp from a “sell” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, April 28th. Sandler O’Neill upgraded German American Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, March 28th. BidaskClub upgraded German American Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 price target on shares of German American Bancorp in a report on Monday, April 10th. Finally, Hilliard Lyons upgraded German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 price target for the company in a report on Thursday, May 25th.

A number of hedge funds and other institutional investors have recently modified their holdings of GABC. First Quadrant L P CA acquired a new position in shares of German American Bancorp during the second quarter valued at $137,000. First Financial Corp IN increased its position in shares of German American Bancorp by 49.9% in the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock valued at $153,000 after buying an additional 1,498 shares during the period. Schroder Investment Management Group increased its position in shares of German American Bancorp by 29.7% in the first quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock valued at $162,000 after buying an additional 767 shares during the period. Bank of America Corp DE increased its position in shares of German American Bancorp by 27.8% in the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock valued at $208,000 after buying an additional 958 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of German American Bancorp during the second quarter valued at $208,000. Institutional investors own 22.60% of the company’s stock.

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German American Bancorp (NASDAQ GABC) traded up 1.006% during midday trading on Tuesday, reaching $35.655. The company’s stock had a trading volume of 22,273 shares. German American Bancorp has a 52 week low of $22.19 and a 52 week high of $36.31. The stock has a market capitalization of $817.53 million, a PE ratio of 20.622 and a beta of 1.15. The firm’s 50-day moving average price is $33.32 and its 200-day moving average price is $40.86.

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.

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