BidaskClub cut shares of German American Bancorp (NASDAQ:GABC) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

GABC has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of German American Bancorp from a hold rating to a buy rating and set a $43.00 target price on the stock in a research report on Wednesday, October 4th. ValuEngine lowered shares of German American Bancorp from a buy rating to a hold rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. German American Bancorp has a consensus rating of Hold and an average target price of $39.75.

Shares of German American Bancorp (GABC) opened at $35.99 on Friday. German American Bancorp has a 52-week low of $28.71 and a 52-week high of $39.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $811.26, a P/E ratio of 22.53 and a beta of 1.11.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.44%. German American Bancorp’s dividend payout ratio (DPR) is presently 33.12%.

Several large investors have recently modified their holdings of the company. Spark Investment Management LLC lifted its holdings in shares of German American Bancorp by 2.5% during the second quarter. Spark Investment Management LLC now owns 12,200 shares of the bank’s stock worth $415,000 after purchasing an additional 300 shares during the period. Bank of America Corp DE lifted its holdings in shares of German American Bancorp by 27.8% during the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock worth $208,000 after purchasing an additional 958 shares during the period. Teachers Advisors LLC lifted its holdings in shares of German American Bancorp by 4.7% during the first quarter. Teachers Advisors LLC now owns 24,032 shares of the bank’s stock worth $1,138,000 after purchasing an additional 1,069 shares during the period. Legal & General Group Plc lifted its holdings in shares of German American Bancorp by 56.3% during the second quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock worth $181,000 after purchasing an additional 1,914 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of German American Bancorp by 2.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 92,523 shares of the bank’s stock worth $3,519,000 after purchasing an additional 2,259 shares during the period. Institutional investors own 36.39% of the company’s stock.

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About German American Bancorp

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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