German American Bancorp (NASDAQ:GABC) Upgraded at StockNews.com

German American Bancorp (NASDAQ:GABC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Hovde Group lifted their price objective on shares of German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, May 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.33.

German American Bancorp Price Performance

GABC stock traded down $0.51 during mid-day trading on Wednesday, hitting $34.51. The company had a trading volume of 36,585 shares, compared to its average volume of 108,809. The company has a 50-day moving average price of $32.71 and a 200 day moving average price of $32.62. German American Bancorp has a 12-month low of $24.85 and a 12-month high of $35.67. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.11 and a beta of 0.62.

German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, April 29th. The bank reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. German American Bancorp had a net margin of 25.83% and a return on equity of 13.68%. The business had revenue of $84.08 million for the quarter, compared to the consensus estimate of $61.05 million. On average, research analysts anticipate that German American Bancorp will post 2.51 earnings per share for the current year.

Institutional Investors Weigh In On German American Bancorp

Large investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC increased its stake in German American Bancorp by 186.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock worth $71,000 after buying an additional 1,339 shares during the period. LSV Asset Management purchased a new stake in shares of German American Bancorp in the 4th quarter valued at approximately $120,000. SG Americas Securities LLC purchased a new stake in shares of German American Bancorp in the 4th quarter valued at approximately $142,000. Virtu Financial LLC purchased a new stake in shares of German American Bancorp in the 4th quarter valued at approximately $251,000. Finally, Diversified Trust Co increased its position in shares of German American Bancorp by 20.6% in the 1st quarter. Diversified Trust Co now owns 12,002 shares of the bank’s stock valued at $416,000 after purchasing an additional 2,050 shares during the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

About German American Bancorp

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts 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.