German American Bancorp, Inc. (NASDAQ:GABC) has earned an average broker rating score of 3.40 (Hold) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating and four have given a hold rating to the company. German American Bancorp’s rating score has declined by 13.3% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $41.25 for the company and are predicting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also assigned German American Bancorp an industry rank of 8 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on GABC shares. Raymond James Financial, Inc. downgraded shares of German American Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 6th. Zacks Investment Research downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 10th. Finally, Hilliard Lyons downgraded shares of German American Bancorp from a “neutral” rating to an “underperform” rating and set a $49.00 price objective on the stock. in a research note on Tuesday, December 20th.
Shares of German American Bancorp (NASDAQ:GABC) opened at 48.58 on Wednesday. German American Bancorp has a 52-week low of $29.24 and a 52-week high of $54.46. The firm has a 50-day moving average of $51.27 and a 200-day moving average of $41.97. The company has a market cap of $741.19 million, a P/E ratio of 21.35 and a beta of 1.17.
A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in German American Bancorp by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 69,531 shares of the company’s stock worth $2,223,000 after buying an additional 1,453 shares during the last quarter. First Trust Advisors LP boosted its stake in German American Bancorp by 9.2% in the second quarter. First Trust Advisors LP now owns 22,385 shares of the company’s stock worth $716,000 after buying an additional 1,892 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in German American Bancorp during the second quarter worth approximately $718,000. Schwab Charles Investment Management Inc. boosted its stake in German American Bancorp by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,516 shares of the company’s stock worth $1,296,000 after buying an additional 630 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in German American Bancorp by 0.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,234 shares of the company’s stock worth $167,000 after buying an additional 14 shares during the last quarter. 29.86% of the stock is owned by institutional investors.
About German American Bancorp
German American Bancorp, Inc is a bank holding company. The Company’s operating segments include core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company’s local markets.
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