German American Bancorp, Inc. (NASDAQ:GABC) Short Interest Update

German American Bancorp, Inc. (NASDAQ:GABCGet Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 981,200 shares, a decrease of 6.6% from the December 31st total of 1,050,000 shares. Based on an average daily volume of 86,100 shares, the short-interest ratio is currently 11.4 days.

Analyst Ratings Changes

Several brokerages recently commented on GABC. StockNews.com began coverage on German American Bancorp in a research note on Thursday, October 5th. They issued a “sell” rating for the company. TheStreet raised German American Bancorp from a “c+” rating to a “b-” rating in a research note on Friday, December 15th. Finally, Raymond James raised German American Bancorp from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, January 5th.

View Our Latest Analysis on German American Bancorp

German American Bancorp Stock Up 2.7 %

Shares of German American Bancorp stock opened at $34.01 on Wednesday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 11.65 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $31.79 and a two-hundred day moving average price of $29.54. German American Bancorp has a 12-month low of $24.85 and a 12-month high of $40.70.

German American Bancorp (NASDAQ:GABCGet Free Report) last announced its earnings results on Monday, October 30th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $62.36 million during the quarter, compared to analysts’ expectations of $63.75 million. German American Bancorp had a return on equity of 14.76% and a net margin of 27.10%. Equities analysts expect that German American Bancorp will post 2.53 earnings per share for the current year.

Insider Activity

In other German American Bancorp news, Director Thomas W. Seger bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of $27.76 per share, for a total transaction of $83,280.00. Following the acquisition, the director now directly owns 463,473 shares of the company’s stock, valued at $12,866,010.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thomas W. Seger purchased 8,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of $29.33 per share, with a total value of $234,640.00. Following the purchase, the director now owns 471,530 shares in the company, valued at approximately $13,829,974.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas W. Seger purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $27.76 per share, with a total value of $83,280.00. Following the purchase, the director now owns 463,473 shares in the company, valued at approximately $12,866,010.48. The disclosure for this purchase can be found here. Insiders have acquired 18,811 shares of company stock worth $552,725 in the last 90 days. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On German American Bancorp

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in German American Bancorp by 43.3% during the third quarter. Commonwealth Equity Services LLC now owns 20,675 shares of the bank’s stock worth $560,000 after purchasing an additional 6,248 shares during the period. Boston Trust Walden Corp boosted its position in shares of German American Bancorp by 2.1% in the third quarter. Boston Trust Walden Corp now owns 241,719 shares of the bank’s stock valued at $6,548,000 after acquiring an additional 5,055 shares during the period. L.M. Kohn & Company bought a new stake in shares of German American Bancorp in the third quarter valued at approximately $15,429,000. Bank of New York Mellon Corp boosted its position in shares of German American Bancorp by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 189,539 shares of the bank’s stock valued at $5,152,000 after acquiring an additional 685 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of German American Bancorp by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 68,144 shares of the bank’s stock valued at $1,852,000 after acquiring an additional 535 shares during the period. Institutional investors own 44.18% of the company’s stock.

About German American Bancorp

(Get Free Report)

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.

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