German American Bancorp. (NASDAQ:GABC) Raised to Hold at BidaskClub
Separately, Zacks Investment Research raised shares of German American Bancorp. from a sell rating to a hold rating in a research note on Tuesday, March 5th.
NASDAQ GABC opened at $29.01 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s fifty day moving average price is $29.10. The stock has a market capitalization of $728.27 million, a price-to-earnings ratio of 13.56 and a beta of 0.87. German American Bancorp. has a 52 week low of $26.20 and a 52 week high of $38.20.
Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of German American Bancorp. by 4.7% during the first quarter. Rhumbline Advisers now owns 33,623 shares of the bank’s stock valued at $989,000 after purchasing an additional 1,520 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of German American Bancorp. during the fourth quarter valued at $236,000. Geode Capital Management LLC boosted its stake in shares of German American Bancorp. by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 246,268 shares of the bank’s stock valued at $6,838,000 after purchasing an additional 15,970 shares during the period. HL Financial Services LLC boosted its stake in shares of German American Bancorp. by 11.4% during the fourth quarter. HL Financial Services LLC now owns 16,035 shares of the bank’s stock valued at $445,000 after purchasing an additional 1,643 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of German American Bancorp. during the fourth quarter valued at $210,000. 38.45% 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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