German American Bancorp Inc. (NASDAQ:GABC) was downgraded by Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research report issued on Thursday.

Several other research analysts have also recently commented on GABC. Zacks Investment Research raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Sandler O’Neill assumed coverage on shares of German American Bancorp in a report on Thursday, August 25th. They set a “hold” rating on the stock.

Shares of German American Bancorp (NASDAQ:GABC) opened at 38.77 on Thursday. The firm’s 50-day moving average price is $37.16 and its 200-day moving average price is $33.84. German American Bancorp has a 12-month low of $29.24 and a 12-month high of $40.12. The firm has a market capitalization of $591.51 million, a P/E ratio of 17.78 and a beta of 1.00.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, July 25th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. German American Bancorp had a net margin of 25.22% and a return on equity of 11.40%. Equities analysts predict that German American Bancorp will post $2.39 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in German American Bancorp by 229.2% in the second quarter. BlackRock Inc. now owns 3,318 shares of the company’s stock valued at $106,000 after buying an additional 2,310 shares in the last quarter. BlackRock Investment Management LLC raised its stake in German American Bancorp by 4.4% in the second quarter. BlackRock Investment Management LLC now owns 62,187 shares of the company’s stock valued at $1,988,000 after buying an additional 2,637 shares in the last quarter. BlackRock Advisors LLC raised its stake in German American Bancorp by 0.4% in the second quarter. BlackRock Advisors LLC now owns 7,605 shares of the company’s stock valued at $243,000 after buying an additional 32 shares in the last quarter. Vanguard Group Inc. raised its stake in German American Bancorp by 2.7% in the second quarter. Vanguard Group Inc. now owns 478,996 shares of the company’s stock valued at $15,313,000 after buying an additional 12,659 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in German American Bancorp by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 456,260 shares of the company’s stock valued at $14,586,000 after buying an additional 11,971 shares in the last quarter. Institutional investors and hedge funds own 28.29% of the company’s stock.

German American Bancorp Company Profile

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.

5 Day Chart for NASDAQ:GABC

Receive News & Stock Ratings for German American Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp Inc. and related stocks with our FREE daily email newsletter.