Zacks Investment Research downgraded shares of German American Bancorp. (NASDAQ:GABC) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

According to Zacks, “GERMAN AMERICAN BANCORP is a multi-bank holding company. Through its subsidiaries, they operate affiliated community banks with banking offices and full-service independent insurance agencies in the eight contiguous Southwestern Indiana counties of Daviess, Dubois, Gibson, Knox, Martin, Perry, Pike andS pencer. Their lines of business include retail and commercial banking, mortgage banking, trust and brokerage services, title insurance, and a full range of personal and corporate property and casualty insurance products. “

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Several other brokerages have also issued reports on GABC. BidaskClub upgraded German American Bancorp. from a strong sell rating to a sell rating in a research note on Saturday, January 20th. Hovde Group restated a hold rating on shares of German American Bancorp. in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill set a $38.00 target price on German American Bancorp. and gave the company a hold rating in a research note on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $38.75.

Shares of German American Bancorp. stock opened at $33.87 on Monday. The stock has a market capitalization of $794.21, a price-to-earnings ratio of 20.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.89 and a quick ratio of 0.89. German American Bancorp. has a one year low of $28.71 and a one year high of $39.02.

German American Bancorp. (NASDAQ:GABC) last issued its earnings results on Monday, January 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $33.05 million during the quarter, compared to the consensus estimate of $33.76 million. German American Bancorp. had a net margin of 28.47% and a return on equity of 10.80%. equities research analysts predict that German American Bancorp. will post 2.02 EPS for the current year.

In related news, Director Chris A. Ramsey acquired 3,055 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were bought at an average cost of $36.00 per share, for a total transaction of $109,980.00. Following the purchase, the director now owns 16,969 shares in the company, valued at approximately $610,884. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chris A. Ramsey acquired 9,884 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were bought at an average price of $35.75 per share, for a total transaction of $353,353.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 13,123 shares of company stock worth $469,767. Corporate insiders own 8.51% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of German American Bancorp. during the 3rd quarter valued at $114,000. Great West Life Assurance Co. Can bought a new stake in shares of German American Bancorp. during the 3rd quarter valued at $116,000. Field & Main Bank bought a new stake in shares of German American Bancorp. during the 4th quarter valued at $138,000. Advisor Group Inc. bought a new stake in shares of German American Bancorp. during the 4th quarter valued at $139,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of German American Bancorp. during the 4th quarter valued at $262,000. Institutional investors own 36.92% of the company’s stock.

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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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