German American Bancorp. (GABC) Given a $36.00 Price Target by Sandler O’Neill Analysts

German American Bancorp. (NASDAQ:GABC) received a $36.00 price objective from stock analysts at Sandler O’Neill in a report issued on Tuesday. The firm currently has a “hold” rating on the bank’s stock. Sandler O’Neill’s price objective points to a potential upside of 7.46% from the company’s current price.

GABC has been the topic of a number of other research reports. BidaskClub downgraded shares of German American Bancorp. from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Hovde Group reissued a “hold” rating on shares of German American Bancorp. in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of German American Bancorp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. German American Bancorp. currently has a consensus rating of “Hold” and a consensus price target of $38.75.

German American Bancorp. (NASDAQ:GABC) opened at $33.50 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. German American Bancorp. has a 12-month low of $28.71 and a 12-month high of $39.02. The stock has a market cap of $773.35, a P/E ratio of 20.43 and a beta of 1.06.

German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). German American Bancorp. had a return on equity of 10.90% and a net margin of 28.47%. The firm had revenue of $33.05 million during the quarter, compared to analysts’ expectations of $33.76 million. research analysts forecast that German American Bancorp. will post 1.99 earnings per share for the current year.

In other news, Director Chris A. Ramsey bought 2,852 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $35.13 per share, for a total transaction of $100,190.76. Following the purchase, the director now directly owns 16,969 shares in the company, valued at approximately $596,120.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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, with a total value of $353,353.00. The disclosure for this purchase can be found here. Insiders bought a total of 19,808 shares of company stock worth $708,169 over the last ninety days. Insiders own 8.51% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of GABC. Vanguard Group Inc. lifted its stake in shares of German American Bancorp. by 56.8% in the 2nd quarter. Vanguard Group Inc. now owns 865,786 shares of the bank’s stock valued at $29,514,000 after purchasing an additional 313,778 shares during the period. FMR LLC lifted its stake in shares of German American Bancorp. by 50.0% in the 2nd quarter. FMR LLC now owns 837,597 shares of the bank’s stock valued at $28,554,000 after purchasing an additional 279,199 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of German American Bancorp. by 53.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 765,212 shares of the bank’s stock valued at $26,086,000 after purchasing an additional 265,851 shares during the period. State Street Corp lifted its stake in shares of German American Bancorp. by 57.5% in the 2nd quarter. State Street Corp now owns 398,868 shares of the bank’s stock valued at $13,597,000 after purchasing an additional 145,547 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of German American Bancorp. by 49.3% in the 2nd quarter. Northern Trust Corp now owns 273,220 shares of the bank’s stock valued at $9,314,000 after purchasing an additional 90,173 shares during the period. Hedge funds and other institutional investors own 36.57% 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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