German American Bancorp., Inc. (NASDAQ:GABC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut German American Bancorp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Sandler O’Neill cut German American Bancorp. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $33.00 to $36.00 in a report on Wednesday, April 26th. Finally, Hilliard Lyons raised German American Bancorp. from an “underperform” rating to a “neutral” rating and set a $33.00 price objective for the company in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Shares of German American Bancorp. (NASDAQ GABC) opened at 31.95 on Tuesday. The stock has a 50 day moving average of $33.87 and a 200 day moving average of $32.44. The stock has a market cap of $732.58 million, a P/E ratio of 18.46 and a beta of 1.16. German American Bancorp. has a one year low of $23.57 and a one year high of $36.31.

German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $32.61 million during the quarter, compared to analysts’ expectations of $33.20 million. German American Bancorp. had a return on equity of 11.34% and a net margin of 30.17%. Equities analysts expect that German American Bancorp. will post $1.72 EPS for the current fiscal year.

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In other news, Director Chris A. Ramsey acquired 1,587 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $31.55 per share, for a total transaction of $50,069.85. Following the completion of the transaction, the director now directly owns 16,140 shares in the company, valued at $509,217. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased 2,408 shares of company stock valued at $78,036 over the last ninety days. 8.51% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of German American Bancorp. by 4.7% in the first quarter. Teachers Advisors LLC now owns 24,032 shares of the bank’s stock worth $1,138,000 after buying an additional 1,069 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of German American Bancorp. by 27.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,646 shares of the bank’s stock worth $883,000 after buying an additional 3,980 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of German American Bancorp. by 56.6% in the first quarter. Spark Investment Management LLC now owns 11,900 shares of the bank’s stock worth $563,000 after buying an additional 4,300 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of German American Bancorp. during the first quarter worth approximately $312,000. Finally, American International Group Inc. raised its stake in shares of German American Bancorp. by 7.2% in the first quarter. American International Group Inc. now owns 8,749 shares of the bank’s stock worth $414,000 after buying an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 23.84% of the company’s stock.

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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