Somewhat Favorable Press Coverage Somewhat Unlikely to Impact German American Bancorp (GABC) Share Price
Headlines about German American Bancorp (NASDAQ:GABC) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. German American Bancorp earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 47.2512224844752 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts have recently issued reports on GABC shares. Zacks Investment Research cut German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub cut German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine cut German American Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.75.
German American Bancorp (NASDAQ GABC) opened at $37.12 on Friday. German American Bancorp has a 1 year low of $28.71 and a 1 year high of $39.02. The stock has a market capitalization of $851.16, a price-to-earnings ratio of 23.64 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 0.88.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, November 9th. German American Bancorp’s dividend payout ratio (DPR) is presently 33.12%.
In other news, Director Chris A. Ramsey purchased 3,180 shares of the stock in a transaction dated Tuesday, September 5th. The shares were bought at an average cost of $32.35 per share, for a total transaction of $102,873.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 3,261 shares of company stock worth $105,750. 8.51% of the stock is owned by insiders.
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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