German American Bancorp, Inc. (NASDAQ:GABC) has earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.67.

Several brokerages have recently issued reports on GABC. Zacks Investment Research cut German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine cut German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

In related news, Director Chris A. Ramsey purchased 1,587 shares of German American Bancorp stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $31.55 per share, for a total transaction of $50,069.85. Following the completion of the transaction, the director now owns 16,140 shares in the company, valued at $509,217. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have purchased 5,029 shares of company stock valued at $161,641. 8.51% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. First Quadrant L P CA purchased a new position in German American Bancorp during the second quarter valued at approximately $137,000. Smithfield Trust Co. raised its position in German American Bancorp by 50.0% during the second quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock valued at $138,000 after acquiring an additional 1,345 shares in the last quarter. First Financial Corp IN raised its position in German American Bancorp by 49.9% during the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,498 shares in the last quarter. Legal & General Group Plc raised its position in German American Bancorp by 56.3% during the second quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock valued at $181,000 after acquiring an additional 1,914 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in German American Bancorp during the second quarter valued at approximately $208,000. Institutional investors own 36.29% of the company’s stock.

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German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, July 31st. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. German American Bancorp had a return on equity of 11.43% and a net margin of 27.52%. The firm had revenue of $32.61 million during the quarter, compared to analysts’ expectations of $33.20 million.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, November 9th. German American Bancorp’s dividend payout ratio is currently 33.12%.

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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