German American Bancorp. (NASDAQ:GABC) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Separately, BidaskClub raised shares of German American Bancorp. from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.50.

Shares of German American Bancorp. stock opened at $35.28 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.96. German American Bancorp. has a fifty-two week low of $32.50 and a fifty-two week high of $39.02. The firm has a market capitalization of $831.67 million, a price-to-earnings ratio of 21.13 and a beta of 0.83.

German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 30th. The bank reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). German American Bancorp. had a net margin of 29.17% and a return on equity of 11.07%. The company had revenue of $36.35 million during the quarter, compared to the consensus estimate of $35.20 million. equities research analysts expect that German American Bancorp. will post 2.03 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Northern Trust Corp raised its stake in shares of German American Bancorp. by 49.8% in the 2nd quarter. Northern Trust Corp now owns 400,346 shares of the bank’s stock valued at $14,352,000 after buying an additional 133,103 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of German American Bancorp. in the 2nd quarter valued at $1,776,000. Renaissance Technologies LLC raised its stake in shares of German American Bancorp. by 61.8% in the 2nd quarter. Renaissance Technologies LLC now owns 160,950 shares of the bank’s stock valued at $5,770,000 after buying an additional 61,450 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of German American Bancorp. by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 863,819 shares of the bank’s stock valued at $30,968,000 after buying an additional 65,191 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of German American Bancorp. by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,519,616 shares of the bank’s stock valued at $54,478,000 after buying an additional 56,899 shares in the last quarter. 38.94% of the stock is owned by hedge funds and other 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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