BidaskClub upgraded shares of German American Bancorp, Inc. (NASDAQ:GABC) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Several other equities research analysts have also recently commented on the company. Sandler O’Neill cut German American Bancorp from a buy rating to a hold rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Wednesday, April 26th. Zacks Investment Research cut German American Bancorp from a hold rating to a sell rating in a research report on Tuesday, April 11th. Hilliard Lyons reaffirmed an underperform rating and set a $33.00 price objective on shares of German American Bancorp in a research report on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $47.00 price objective on shares of German American Bancorp in a research report on Monday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $38.00.

German American Bancorp (NASDAQ GABC) traded up 1.34% during midday trading on Tuesday, hitting $35.64. The stock had a trading volume of 38,262 shares. The firm has a 50 day moving average of $33.78 and a 200 day moving average of $40.56. German American Bancorp has a 52 week low of $30.32 and a 52 week high of $54.46. The firm has a market cap of $817.19 million, a price-to-earnings ratio of 20.61 and a beta of 1.15.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Quadrant L P CA purchased a new position in German American Bancorp during the second quarter worth $137,000. First Financial Corp IN increased its position in German American Bancorp by 49.9% in the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock worth $153,000 after buying an additional 1,498 shares in the last quarter. Schroder Investment Management Group increased its position in German American Bancorp by 29.7% in the first quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after buying an additional 767 shares in the last quarter. Bank of America Corp DE increased its position in German American Bancorp by 27.8% in the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock worth $208,000 after buying an additional 958 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in German American Bancorp during the second quarter worth $208,000. 22.60% of the stock is currently owned by institutional investors.

About German American Bancorp

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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