German American Bancorp., Inc. (GABC) Receives Average Recommendation of “Hold” from Analysts

Shares of German American Bancorp., Inc. (NASDAQ:GABC) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $39.00.

Several research firms have weighed in on GABC. BidaskClub cut shares of German American Bancorp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Sandler O’Neill set a $37.00 price target on shares of German American Bancorp. and gave the company a “hold” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of German American Bancorp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday, January 9th. Finally, Hovde Group restated a “hold” rating on shares of German American Bancorp. in a report on Wednesday, January 3rd.

In other German American Bancorp. news, Director Chris A. Ramsey acquired 2,852 shares of German American Bancorp. stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average price of $35.13 per share, with a total value of $100,190.76. Following the purchase, the director now owns 16,969 shares in the company, valued at $596,120.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chris A. Ramsey acquired 9,884 shares of German American Bancorp. stock in a transaction that occurred on Tuesday, December 26th. The stock was acquired 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. Over the last 90 days, insiders have bought 19,848 shares of company stock worth $709,584. 8.51% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its stake in shares of German American Bancorp. by 56.3% in the 2nd quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock valued at $181,000 after purchasing an additional 1,914 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of German American Bancorp. by 2.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 92,523 shares of the bank’s stock valued at $3,519,000 after purchasing an additional 2,259 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of German American Bancorp. in the 3rd quarter valued at $114,000. Great West Life Assurance Co. Can acquired a new stake in shares of German American Bancorp. in the 3rd quarter valued at $116,000. Finally, Citadel Advisors LLC lifted its stake in shares of German American Bancorp. by 20.4% in the 4th quarter. Citadel Advisors LLC now owns 19,442 shares of the bank’s stock valued at $687,000 after purchasing an additional 3,300 shares during the last quarter. 36.60% of the stock is owned by institutional investors and hedge funds.

German American Bancorp. (NASDAQ:GABC) traded up $0.38 during midday trading on Friday, reaching $33.74. 57,524 shares of the company’s stock traded hands, compared to its average volume of 46,302. German American Bancorp. has a 12-month low of $28.71 and a 12-month high of $39.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $765.09, a PE ratio of 20.57 and a beta of 1.06.

German American Bancorp. (NASDAQ:GABC) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). German American Bancorp. had a return on equity of 10.90% and a net margin of 28.47%. The firm had revenue of $33.05 million for the quarter, compared to analysts’ expectations of $33.76 million. equities research analysts expect that German American Bancorp. will post 1.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Saturday, February 10th will be issued a dividend of $0.15 per share. This is a boost from German American Bancorp.’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, February 8th. German American Bancorp.’s payout ratio is currently 36.59%.

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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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