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.
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.
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