German American Bancorp. (GABC) Downgraded by BidaskClub to “Sell”

German American Bancorp. (NASDAQ:GABC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Separately, ValuEngine downgraded shares of German American Bancorp. from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. German American Bancorp. has a consensus rating of “Hold” and an average target price of $36.50.

NASDAQ GABC opened at $35.28 on Thursday. German American Bancorp. has a 12 month low of $32.50 and a 12 month high of $39.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $831.67 million, a PE ratio of 21.13 and a beta of 0.83.

German American Bancorp. (NASDAQ:GABC) last posted its quarterly earnings data on Monday, July 30th. The bank reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). German American Bancorp. had a net margin of 29.17% and a return on equity of 11.07%. The company had revenue of $36.35 million for the quarter, compared to analyst estimates of $35.20 million. analysts expect that German American Bancorp. will post 2.03 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp increased its position in German American Bancorp. by 49.8% during the 2nd quarter. Northern Trust Corp now owns 400,346 shares of the bank’s stock worth $14,352,000 after purchasing an additional 133,103 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in German American Bancorp. during the 2nd quarter worth approximately $1,776,000. Renaissance Technologies LLC increased its position in German American Bancorp. by 61.8% during the 2nd quarter. Renaissance Technologies LLC now owns 160,950 shares of the bank’s stock worth $5,770,000 after purchasing an additional 61,450 shares in the last quarter. Dimensional Fund Advisors LP increased its position in German American Bancorp. by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 863,819 shares of the bank’s stock worth $30,968,000 after purchasing an additional 65,191 shares in the last quarter. Finally, BlackRock Inc. increased its position in German American Bancorp. by 3.9% during the 2nd quarter. BlackRock Inc. now owns 1,519,616 shares of the bank’s stock worth $54,478,000 after purchasing an additional 56,899 shares in the last quarter. 38.94% of the stock is owned by institutional investors.

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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