German American Bancorp, Inc. (NASDAQ:GABC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $43.00 price target on the bank’s stock. Zacks Investment Research‘s price target points to a potential upside of 14.82% from the stock’s previous close.

According to Zacks, “GERMAN AMERICAN BANCORP is a multi-bank holding company. Through its subsidiaries, they operate affiliated community banks with banking offices and full-service independent insurance agencies in the eight contiguous Southwestern Indiana counties of Daviess, Dubois, Gibson, Knox, Martin, Perry, Pike andS pencer. Their lines of business include retail and commercial banking, mortgage banking, trust and brokerage services, title insurance, and a full range of personal and corporate property and casualty insurance products. “

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. German American Bancorp has a consensus rating of “Hold” and a consensus target price of $39.75.

German American Bancorp (NASDAQ GABC) traded down 1.76% during trading on Wednesday, reaching $37.45. The company’s stock had a trading volume of 27,937 shares. The company has a market cap of $858.69 million, a P/E ratio of 21.63 and a beta of 1.17. The stock’s 50-day moving average is $33.85 and its 200 day moving average is $32.91. German American Bancorp has a 12 month low of $24.85 and a 12 month high of $38.44.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings results on Monday, July 31st. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. German American Bancorp had a net margin of 28.12% and a return on equity of 11.60%. The firm had revenue of $32.61 million during the quarter, compared to the consensus estimate of $33.20 million. On average, equities analysts forecast that German American Bancorp will post $1.72 EPS for the current fiscal year.

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In other German American Bancorp news, Director Chris A. Ramsey bought 1,587 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $31.55 per share, with a total value of $50,069.85. Following the completion of the transaction, the director now directly owns 16,140 shares in the company, valued at approximately $509,217. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chris A. Ramsey bought 3,180 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average cost of $32.35 per share, with a total value of $102,873.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 5,588 shares of company stock valued at $180,944. 8.51% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Schroder Investment Management Group increased its position in shares of German American Bancorp by 29.7% during the first quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after acquiring an additional 767 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of German American Bancorp during the second quarter worth about $137,000. Smithfield Trust Co. increased its position in shares of German American Bancorp by 50.0% during the second quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock worth $138,000 after acquiring an additional 1,345 shares in the last quarter. Bank of America Corp DE increased its position in shares of German American Bancorp by 27.8% during the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock worth $208,000 after acquiring an additional 958 shares in the last quarter. Finally, First Financial Corp IN increased its position in shares of German American Bancorp by 49.9% during the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock worth $153,000 after acquiring an additional 1,498 shares in the last quarter. 35.75% of the stock is owned by institutional investors.

German American Bancorp Company Profile

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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