German American Bancorp. (NASDAQ:GABC) Upgraded at BidaskClub

BidaskClub upgraded shares of German American Bancorp. (NASDAQ:GABC) from a sell rating to a hold rating in a research note issued to investors on Saturday, BidAskClub reports.

Separately, Zacks Investment Research raised German American Bancorp. from a hold rating to a buy rating and set a $32.00 price target for the company in a research note on Friday, June 7th.

GABC stock opened at $29.14 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $728.27 million, a price-to-earnings ratio of 13.62 and a beta of 0.87. German American Bancorp. has a 12-month low of $26.20 and a 12-month high of $38.20. The firm’s 50 day moving average price is $29.08.

German American Bancorp. (NASDAQ:GABC) last issued its earnings results on Monday, April 29th. The bank reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. German American Bancorp. had a return on equity of 12.37% and a net margin of 26.91%. The firm had revenue of $45.25 million for the quarter, compared to analyst estimates of $43.55 million. On average, equities research analysts forecast that German American Bancorp. will post 2.37 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in German American Bancorp. during the first quarter valued at about $27,000. Legal & General Group Plc boosted its stake in German American Bancorp. by 11.3% during the fourth quarter. Legal & General Group Plc now owns 3,884 shares of the bank’s stock valued at $108,000 after buying an additional 394 shares in the last quarter. Field & Main Bank bought a new position in German American Bancorp. during the first quarter valued at about $115,000. BNP Paribas Arbitrage SA boosted its stake in German American Bancorp. by 675.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,778 shares of the bank’s stock valued at $140,000 after buying an additional 4,162 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in German American Bancorp. by 368.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,198 shares of the bank’s stock valued at $200,000 after buying an additional 5,662 shares in the last quarter. 38.45% of the stock is owned by institutional investors.

About German American Bancorp.

German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.

Recommended Story: How is a price target determined?

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



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit