German American Bancorp Inc. (NASDAQ:GABC) has been given a consensus broker rating score of 3.00 (Hold) from the five brokers that cover the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a hold recommendation. German American Bancorp’s rating score has declined by 25% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $36.50 for the company and are predicting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also given German American Bancorp an industry rank of 153 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently weighed in on GABC. Raymond James Financial Inc. downgraded German American Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, October 6th. Zacks Investment Research downgraded German American Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 10th. Finally, Sandler O’Neill assumed coverage on German American Bancorp in a report on Thursday, August 25th. They issued a “hold” rating on the stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in German American Bancorp by 5.3% in the second quarter. Alliancebernstein L.P. now owns 12,000 shares of the company’s stock worth $384,000 after buying an additional 600 shares in the last quarter. US Bancorp DE increased its position in shares of German American Bancorp by 0.3% in the second quarter. US Bancorp DE now owns 8,921 shares of the company’s stock valued at $285,000 after buying an additional 31 shares during the period. BlackRock Group LTD increased its position in shares of German American Bancorp by 96.9% in the second quarter. BlackRock Group LTD now owns 3,975 shares of the company’s stock valued at $128,000 after buying an additional 1,956 shares during the period. BlackRock Inc. increased its position in shares of German American Bancorp by 229.2% in the second quarter. BlackRock Inc. now owns 3,318 shares of the company’s stock valued at $106,000 after buying an additional 2,310 shares during the period. Finally, BlackRock Investment Management LLC increased its position in shares of German American Bancorp by 4.4% in the second quarter. BlackRock Investment Management LLC now owns 62,187 shares of the company’s stock valued at $1,988,000 after buying an additional 2,637 shares during the period. Hedge funds and other institutional investors own 28.29% of the company’s stock.
Shares of German American Bancorp (NASDAQ:GABC) traded up 0.55% during mid-day trading on Tuesday, hitting $38.47. 8,063 shares of the company traded hands. The firm has a 50-day moving average price of $37.79 and a 200 day moving average price of $34.17. The firm has a market cap of $586.94 million, a price-to-earnings ratio of 17.65 and a beta of 1.00. German American Bancorp has a 52-week low of $29.24 and a 52-week high of $40.12.
German American Bancorp (NASDAQ:GABC) last issued its earnings results on Monday, July 25th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. German American Bancorp had a return on equity of 11.40% and a net margin of 25.22%. Equities research analysts anticipate that German American Bancorp will post $2.39 EPS for the current fiscal year.
German American Bancorp Company Profile
German American Bancorp, Inc is a bank holding company. The Company’s operating segments include core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company’s local markets.
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