Zacks Investment Research downgraded shares of German American Bancorp. (NASDAQ:GABC) from a hold rating to a sell rating in a research note published on Wednesday, Zacks.com reports.

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. “

Separately, BidaskClub raised shares of Zumiez from a sell rating to a hold rating in a research note on Saturday, June 22nd.

Shares of German American Bancorp. stock traded down $0.01 during trading on Wednesday, reaching $29.57. The company’s stock had a trading volume of 45,000 shares, compared to its average volume of 60,323. German American Bancorp. has a 52-week low of $26.20 and a 52-week high of $38.20. The company has a market cap of $739.26 million, a P/E ratio of 13.82 and a beta of 0.89. The firm has a 50-day simple moving average of $29.26. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.66.

German American Bancorp. (NASDAQ:GABC) last announced its quarterly earnings data on Monday, April 29th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. German American Bancorp. had a net margin of 26.91% and a return on equity of 12.37%. The company had revenue of $45.25 million during the quarter, compared to analysts’ expectations of $43.55 million. As a group, analysts predict that German American Bancorp. will post 2.37 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC purchased a new stake in German American Bancorp. during the 1st quarter valued at $27,000. Legal & General Group Plc boosted its position in German American Bancorp. by 11.3% during the 4th quarter. Legal & General Group Plc now owns 3,884 shares of the bank’s stock valued at $108,000 after buying an additional 394 shares during the period. Field & Main Bank purchased a new stake in German American Bancorp. during the 1st quarter valued at $115,000. BNP Paribas Arbitrage SA boosted its position in German American Bancorp. by 675.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,778 shares of the bank’s stock valued at $140,000 after buying an additional 4,162 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in German American Bancorp. by 368.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,198 shares of the bank’s stock valued at $200,000 after buying an additional 5,662 shares during the period. 38.45% of the stock is owned by institutional investors and hedge funds.

German American Bancorp. Company Profile

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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