German American Bancorp (NASDAQ:GABC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine lowered German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.75.

Shares of German American Bancorp (NASDAQ:GABC) opened at $35.38 on Friday. The company has a market capitalization of $811.24, a PE ratio of 22.82 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 0.88. German American Bancorp has a 12 month low of $28.71 and a 12 month high of $39.02.

A number of large investors have recently made changes to their positions in GABC. SG Americas Securities LLC acquired a new stake in shares of German American Bancorp in the third quarter valued at about $114,000. Great West Life Assurance Co. Can acquired a new stake in shares of German American Bancorp in the third quarter valued at about $116,000. Legal & General Group Plc grew its stake in shares of German American Bancorp by 56.3% in the second quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock valued at $181,000 after buying an additional 1,914 shares in the last quarter. Bank of America Corp DE grew its stake 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 in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of German American Bancorp in the second quarter valued at about $208,000. Institutional investors own 36.39% of the company’s stock.

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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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