German American Bancorp. (NASDAQ:GABC) Rating Lowered to Strong Sell at BidaskClub

German American Bancorp. (NASDAQ:GABC) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, January 6th.

GABC has been the topic of a number of other reports. Zacks Investment Research upgraded German American Bancorp. from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, October 4th. Hovde Group reiterated a “hold” rating on shares of German American Bancorp. in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill set a $38.00 target price on German American Bancorp. and gave the stock a “hold” rating in a research note 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. The stock has an average rating of “Hold” and a consensus target price of $39.25.

Shares of German American Bancorp. (GABC) opened at $34.91 on Friday. The company has a market capitalization of $800.47, a price-to-earnings ratio of 20.42 and a beta of 1.12. German American Bancorp. has a 52 week low of $28.71 and a 52 week 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.

German American Bancorp. (NASDAQ:GABC) last released its earnings results on Monday, October 30th. The bank reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). The business had revenue of $33.19 million for the quarter, compared to the consensus estimate of $34.03 million. German American Bancorp. had a return on equity of 11.28% and a net margin of 27.52%. research analysts predict that German American Bancorp. will post 1.69 earnings per share for the current fiscal 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 bought at an average price of $36.00 per share, with a total value of $143,172.00. Following the acquisition, the director now owns 16,969 shares in the company, valued at approximately $610,884. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chris A. Ramsey acquired 2,852 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The stock was purchased at an average cost of $35.13 per share, with a total value of $100,190.76. Following the acquisition, the director now owns 16,969 shares in the company, valued at approximately $596,120.97. The disclosure for this purchase can be found here. In the last three months, insiders purchased 19,848 shares of company stock valued at $709,584. 8.51% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GABC. Russell Investments Group Ltd. increased its holdings in German American Bancorp. by 65.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,763 shares of the bank’s stock worth $776,000 after acquiring an additional 8,990 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in German American Bancorp. by 51.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,264 shares of the bank’s stock worth $3,078,000 after acquiring an additional 30,614 shares during the last quarter. First Trust Advisors LP increased its holdings in German American Bancorp. by 27.2% in the 2nd quarter. First Trust Advisors LP now owns 35,932 shares of the bank’s stock worth $1,225,000 after acquiring an additional 7,687 shares during the last quarter. Rhumbline Advisers increased its holdings in German American Bancorp. by 52.0% in the 2nd quarter. Rhumbline Advisers now owns 27,186 shares of the bank’s stock worth $927,000 after acquiring an additional 9,305 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in German American Bancorp. by 52.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 131,749 shares of the bank’s stock worth $4,491,000 after acquiring an additional 45,382 shares during the last quarter. 36.37% of the stock is owned by 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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