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

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $38.67.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of German American Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 4th. BidaskClub cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, ValuEngine cut shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in German American Bancorp in the third quarter valued at approximately $114,000. Great West Life Assurance Co. Can bought a new position in German American Bancorp in the third quarter valued at approximately $116,000. Legal & General Group Plc boosted its stake in 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 acquiring an additional 1,914 shares during the last quarter. Bank of America Corp DE boosted its stake in 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 acquiring an additional 958 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in German American Bancorp in the second quarter valued at approximately $208,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp (NASDAQ:GABC) traded up $0.87 on Friday, hitting $36.70. 31,200 shares of the stock traded hands, compared to its average volume of 45,417. German American Bancorp has a twelve month low of $28.71 and a twelve month high of $39.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $821.58, a PE ratio of 22.82 and a beta of 1.11.

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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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