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

Shares of German American Bancorp, Inc. (NASDAQ:GABC) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.75.

A number of equities analysts have recently commented on GABC shares. Zacks Investment Research downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised shares of German American Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings data on Monday, July 31st. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $32.61 million during the quarter, compared to the consensus estimate of $33.20 million. German American Bancorp had a net margin of 28.12% and a return on equity of 11.60%.

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In other news, Director Chris A. Ramsey purchased 1,587 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $31.55 per share, with a total value of $50,069.85. Following the acquisition, the director now directly owns 16,140 shares of the company’s stock, valued at approximately $509,217. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chris A. Ramsey purchased 3,180 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were purchased at an average cost of $32.35 per share, with a total value of $102,873.00. The disclosure for this purchase can be found here. Insiders have bought a total of 5,588 shares of company stock valued at $180,944 over the last ninety days. 8.51% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. OLD National Bancorp IN lifted its holdings in German American Bancorp by 50.0% during the 2nd quarter. OLD National Bancorp IN now owns 25,426 shares of the bank’s stock valued at $867,000 after purchasing an additional 8,474 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in German American Bancorp by 112.3% during the 2nd quarter. Victory Capital Management Inc. now owns 48,555 shares of the bank’s stock valued at $1,655,000 after purchasing an additional 25,680 shares during the last quarter. Highbridge Capital Management LLC bought a new position in German American Bancorp during the 1st quarter valued at about $764,000. First Trust Advisors LP lifted its holdings in German American Bancorp by 9.6% during the 1st quarter. First Trust Advisors LP now owns 28,245 shares of the bank’s stock valued at $1,337,000 after purchasing an additional 2,477 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in German American Bancorp by 23.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 59,650 shares of the bank’s stock valued at $2,824,000 after purchasing an additional 11,186 shares during the last quarter. 35.75% of the stock is owned by hedge funds and other institutional investors.

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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