Zacks Investment Research downgraded shares of German American Bancorp. (NASDAQ:GABC) from a hold rating to a sell rating in a research report report published on Wednesday morning.

According to Zacks, “GERMAN AMERICAN BANCORP is a multi-bank holding company. Through its subsidiaries, they operate affiliated community banks with banking offices and full-service independent insurance agencies in the eight contiguous Southwestern Indiana counties of Daviess, Dubois, Gibson, Knox, Martin, Perry, Pike andS pencer. Their lines of business include retail and commercial banking, mortgage banking, trust and brokerage services, title insurance, and a full range of personal and corporate property and casualty insurance products. “

Several other brokerages have also recently issued reports on GABC. BidaskClub cut shares of German American Bancorp. from a sell rating to a strong sell rating in a report on Wednesday, October 24th. Hovde Group upgraded shares of German American Bancorp. from a market perform rating to an outperform rating and set a $31.00 price target on the stock in a report on Wednesday, January 2nd.

Shares of German American Bancorp. stock opened at $30.99 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. German American Bancorp. has a 52-week low of $26.20 and a 52-week high of $38.20. The company has a market capitalization of $773.48 million, a PE ratio of 14.48 and a beta of 0.90.

German American Bancorp. (NASDAQ:GABC) last issued its earnings results on Monday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. German American Bancorp. had a net margin of 27.24% and a return on equity of 12.78%. The firm had revenue of $42.72 million for the quarter, compared to analysts’ expectations of $41.90 million. As a group, analysts predict that German American Bancorp. will post 2.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Sunday, February 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.68 annualized dividend and a yield of 2.19%. This is a boost from German American Bancorp.’s previous quarterly dividend of $0.15. German American Bancorp.’s payout ratio is 31.78%.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in German American Bancorp. by 11.3% in the fourth quarter. Legal & General Group Plc now owns 3,884 shares of the bank’s stock valued at $108,000 after acquiring an additional 394 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in German American Bancorp. by 368.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,198 shares of the bank’s stock valued at $200,000 after acquiring an additional 5,662 shares in the last quarter. Citigroup Inc. boosted its holdings in German American Bancorp. by 16.3% in the fourth quarter. Citigroup Inc. now owns 7,341 shares of the bank’s stock valued at $204,000 after acquiring an additional 1,030 shares in the last quarter. GSA Capital Partners LLP bought a new stake in German American Bancorp. in the fourth quarter valued at $210,000. Finally, Aptus Capital Advisors LLC bought a new stake in German American Bancorp. in the fourth quarter valued at $236,000. Institutional investors and hedge funds own 35.75% of the company’s stock.

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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