German American Bancorp. (NASDAQ:GABC)‘s stock had its “hold” rating restated by equities research analysts at Hovde Group in a report issued on Wednesday, January 3rd.

A number of other brokerages have also commented on GABC. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub downgraded German American Bancorp. from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. German American Bancorp. has an average rating of “Hold” and a consensus price target of $39.25.

Shares of German American Bancorp. (GABC) traded up $0.19 during midday trading on Wednesday, hitting $34.45. The stock had a trading volume of 17,084 shares, compared to its average volume of 38,443. 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 firm has a market cap of $800.49, a price-to-earnings ratio of 21.82 and a beta of 1.11. German American Bancorp. has a fifty-two week low of $28.71 and a fifty-two week high of $39.02.

German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). The company had revenue of $33.19 million for the quarter, compared to analyst estimates of $34.03 million. German American Bancorp. had a net margin of 27.52% and a return on equity of 11.28%. analysts predict that German American Bancorp. will post 1.69 earnings per share for the current year.

In other German American Bancorp. news, Director Chris A. Ramsey bought 9,884 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average price of $35.75 per share, for a total transaction of $353,353.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Chris A. Ramsey bought 3,977 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were acquired at an average price of $36.00 per share, with a total value of $143,172.00. Following the purchase, the director now owns 16,969 shares in the company, valued at $610,884. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 19,848 shares of company stock valued at $709,584. 8.51% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in shares of German American Bancorp. by 54.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 252,169 shares of the bank’s stock worth $8,596,000 after acquiring an additional 88,447 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of German American Bancorp. by 106.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,254 shares of the bank’s stock worth $315,000 after buying an additional 4,763 shares during the period. California State Teachers Retirement System lifted its position in shares of German American Bancorp. by 34.4% during the 2nd quarter. California State Teachers Retirement System now owns 37,599 shares of the bank’s stock worth $1,282,000 after buying an additional 9,633 shares during the period. GSA Capital Partners LLP lifted its position in shares of German American Bancorp. by 390.2% during the 3rd quarter. GSA Capital Partners LLP now owns 40,933 shares of the bank’s stock worth $1,557,000 after buying an additional 32,583 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of German American Bancorp. by 112.3% during the 2nd quarter. Victory Capital Management Inc. now owns 48,555 shares of the bank’s stock worth $1,655,000 after buying an additional 25,680 shares during the period. Institutional investors own 36.39% of the company’s stock.

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German American Bancorp. Company Profile

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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