BidaskClub Upgrades German American Bancorp. (NASDAQ:GABC) to “Buy”

BidaskClub upgraded shares of German American Bancorp. (NASDAQ:GABC) from a hold rating to a buy rating in a report issued on Friday morning, BidAskClub reports.

Separately, Zacks Investment Research downgraded shares of German American Bancorp. from a hold rating to a sell rating in a report on Thursday, October 31st.

Shares of GABC traded up $0.04 during mid-day trading on Friday, reaching $34.79. 39,761 shares of the stock traded hands, compared to its average volume of 45,424. The firm has a fifty day moving average price of $33.58 and a 200 day moving average price of $31.29. The company has a market cap of $909.43 million, a price-to-earnings ratio of 14.90 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. German American Bancorp. has a 1 year low of $26.20 and a 1 year high of $34.93.

German American Bancorp. (NASDAQ:GABC) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The firm had revenue of $50.63 million for the quarter, compared to analysts’ expectations of $47.20 million. German American Bancorp. had a net margin of 25.57% and a return on equity of 11.68%. On average, sell-side analysts anticipate that German American Bancorp. will post 2.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 7th. German American Bancorp.’s dividend payout ratio is currently 31.78%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in shares of German American Bancorp. during the 3rd quarter worth $32,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of German American Bancorp. by 42.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,721 shares of the bank’s stock worth $52,000 after acquiring an additional 517 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of German American Bancorp. by 41.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,976 shares of the bank’s stock worth $60,000 after acquiring an additional 577 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of German American Bancorp. by 367.3% during the 2nd quarter. Bank of Montreal Can now owns 2,486 shares of the bank’s stock worth $75,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of German American Bancorp. by 194.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,128 shares of the bank’s stock worth $164,000 after acquiring an additional 3,387 shares during the last quarter. 41.51% of the stock is owned by institutional investors.

German American Bancorp. Company Profile

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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