BidaskClub cut shares of German American Bancorp (NASDAQ:GABC) from a sell rating to a strong sell rating in a research note released on Saturday morning.

A number of other research firms have also recently issued reports on GABC. Zacks Investment Research upgraded shares of German American Bancorp from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Wednesday, October 4th. Hovde Group restated a hold rating on shares of German American Bancorp in a report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $38.00 price target on shares of German American Bancorp and gave the company a hold rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $40.25.

German American Bancorp (NASDAQ:GABC) traded down $0.22 during mid-day trading on Friday, reaching $34.85. 14,600 shares of the company’s stock were exchanged, compared to its average volume of 37,880. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. German American Bancorp has a one year low of $28.71 and a one year high of $39.02. The company has a market capitalization of $799.09, a PE ratio of 20.38 and a beta of 1.12.

In related news, Director Chris A. Ramsey bought 3,055 shares of German American Bancorp stock in a transaction that occurred on Wednesday, December 26th. The stock was acquired at an average price of $36.00 per share, for a total transaction of $109,980.00. Following the completion of the purchase, the director now owns 16,969 shares in the company, valued at $610,884. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chris A. Ramsey bought 2,852 shares of German American Bancorp stock in a transaction that occurred on Tuesday, December 11th. The stock was bought at an average price of $35.13 per share, with a total value of $100,190.76. Following the purchase, the director now owns 16,969 shares of the company’s stock, valued at approximately $596,120.97. The disclosure for this purchase can be found here. Insiders have acquired 19,847 shares of company stock valued at $709,556 over the last 90 days. Corporate insiders own 8.51% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GABC. Vanguard Group Inc. lifted its stake in shares of German American Bancorp by 56.8% in the second quarter. Vanguard Group Inc. now owns 865,786 shares of the bank’s stock valued at $29,514,000 after buying an additional 313,778 shares during the period. Franklin Resources Inc. lifted its stake in shares of German American Bancorp by 114.2% in the second quarter. Franklin Resources Inc. now owns 550,650 shares of the bank’s stock valued at $18,772,000 after buying an additional 293,550 shares during the period. FMR LLC lifted its stake in German American Bancorp by 50.0% during the second quarter. FMR LLC now owns 837,597 shares of the bank’s stock worth $28,554,000 after purchasing an additional 279,199 shares during the period. Dimensional Fund Advisors LP lifted its stake in German American Bancorp by 53.2% during the second quarter. Dimensional Fund Advisors LP now owns 765,212 shares of the bank’s stock worth $26,086,000 after purchasing an additional 265,851 shares during the period. Finally, State Street Corp lifted its stake in German American Bancorp by 57.5% during the second quarter. State Street Corp now owns 398,868 shares of the bank’s stock worth $13,597,000 after purchasing an additional 145,547 shares during the period. Institutional investors and hedge funds own 36.39% 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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