German American Bancorp. (GABC) Upgraded at BidaskClub

German American Bancorp. (NASDAQ:GABC) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

GABC has been the subject of several other reports. Hovde Group reiterated a “hold” rating on shares of German American Bancorp. in a report on Wednesday, January 3rd. Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Sandler O’Neill set a $38.00 target price on shares of German American Bancorp. and gave the stock a “hold” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. German American Bancorp. currently has a consensus rating of “Hold” and an average target price of $39.25.

German American Bancorp. (NASDAQ:GABC) traded up $0.26 during trading on Friday, hitting $35.81. 120,197 shares of the stock traded hands, compared to its average volume of 34,248. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $815.16, a PE ratio of 22.81 and a beta of 1.11. German American Bancorp. has a twelve month low of $28.71 and a twelve month high of $39.02.

German American Bancorp. (NASDAQ:GABC) last posted its quarterly earnings data on Monday, October 30th. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). German American Bancorp. had a net margin of 27.52% and a return on equity of 11.28%. equities research analysts forecast that German American Bancorp. will post 1.69 earnings per share for the current year.

In other news, Director Chris A. Ramsey acquired 3,977 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The stock was purchased at an average price of $36.00 per share, with a total value of $143,172.00. Following the purchase, the director now owns 16,969 shares of the company’s stock, valued at approximately $610,884. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Chris A. Ramsey acquired 9,884 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average cost of $35.75 per share, with a total value of $353,353.00. The disclosure for this purchase can be found here. Insiders have purchased 19,828 shares of company stock valued at $708,843 over the last 90 days. 8.51% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in German American Bancorp. by 54.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 252,169 shares of the bank’s stock worth $8,596,000 after purchasing an additional 88,447 shares during the period. Goldman Sachs Group Inc. boosted its stake in German American Bancorp. by 106.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 9,254 shares of the bank’s stock worth $315,000 after purchasing an additional 4,763 shares during the period. California State Teachers Retirement System boosted its stake in German American Bancorp. by 34.4% in the 2nd quarter. California State Teachers Retirement System now owns 37,599 shares of the bank’s stock worth $1,282,000 after purchasing an additional 9,633 shares during the period. GSA Capital Partners LLP boosted its stake in German American Bancorp. by 390.2% in the 3rd quarter. GSA Capital Partners LLP now owns 40,933 shares of the bank’s stock worth $1,557,000 after purchasing an additional 32,583 shares during the period. Finally, Swiss National Bank boosted its stake in German American Bancorp. by 80.3% in the 2nd quarter. Swiss National Bank now owns 36,250 shares of the bank’s stock worth $1,236,000 after purchasing an additional 16,150 shares during the period. 36.39% of the stock is owned by hedge funds and other institutional investors.

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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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