German American Bancorp Inc. (NASDAQ:GABC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “GERMAN AMERICAN BANCORP is a multi-bank holding company. Through its subsidiaries, they operate affiliated community banks with banking offices and full-service independent insurance agencies in the eight contiguous Southwestern Indiana counties of Daviess, Dubois, Gibson, Knox, Martin, Perry, Pike andS pencer. Their lines of business include retail and commercial banking, mortgage banking, trust and brokerage services, title insurance, and a full range of personal and corporate property and casualty insurance products. “

GABC has been the subject of a number of other reports. Sandler O’Neill started coverage on German American Bancorp in a report on Thursday, August 25th. They issued a “hold” rating for the company. Raymond James Financial Inc. lowered German American Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday.

Shares of German American Bancorp (NASDAQ:GABC) traded up 0.90% during midday trading on Monday, reaching $38.20. The company’s stock had a trading volume of 29,518 shares. The stock has a market cap of $582.82 million, a price-to-earnings ratio of 17.52 and a beta of 1.00. German American Bancorp has a 52-week low of $29.24 and a 52-week high of $40.12. The stock has a 50-day moving average price of $37.38 and a 200-day moving average price of $33.97.

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

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in German American Bancorp by 0.7% in the second quarter. Royal Bank of Canada now owns 36,250 shares of the company’s stock worth $1,159,000 after buying an additional 240 shares during the period. Schwab Charles Investment Management Inc. raised its position 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. Parametric Portfolio Associates LLC raised its position in German American Bancorp by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 11,116 shares of the company’s stock worth $355,000 after buying an additional 65 shares during the last quarter. Citadel Advisors LLC acquired a new position in German American Bancorp during the second quarter worth approximately $226,000. Finally, Maltese Capital Management LLC raised its position in German American Bancorp by 72.0% in the second quarter. Maltese Capital Management LLC now owns 24,600 shares of the company’s stock worth $786,000 after buying an additional 10,300 shares during the last quarter. 28.29% 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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