German American Bancorp (NASDAQ:GABC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.
A number of other research firms have also recently commented on GABC. Zacks Investment Research upgraded 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 cut German American Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.75.
Shares of German American Bancorp (NASDAQ GABC) opened at $35.38 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. German American Bancorp has a 52-week low of $28.71 and a 52-week high of $39.02. The company has a market capitalization of $811.26, a PE ratio of 22.54 and a beta of 1.11.
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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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