BidaskClub Lowers German American Bancorp. (NASDAQ:GABC) to Sell

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BidaskClub lowered shares of German American Bancorp. (NASDAQ:GABC) from a hold rating to a sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

Separately, Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th.

NASDAQ GABC opened at $29.36 on Friday. The company has a fifty day moving average price of $29.39. The firm has a market cap of $733.77 million, a PE ratio of 13.59 and a beta of 0.89. German American Bancorp. has a 52 week low of $26.20 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.90 and a quick ratio of 0.90.

German American Bancorp. (NASDAQ:GABC) last released its earnings results on Monday, April 29th. The bank reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The company had revenue of $45.25 million during the quarter, compared to analysts’ expectations of $43.55 million. German American Bancorp. had a return on equity of 12.37% and a net margin of 26.91%. As a group, equities research analysts forecast that German American Bancorp. will post 2.37 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new stake in shares of German American Bancorp. during the first quarter worth $27,000. Legal & General Group Plc grew its stake in shares of German American Bancorp. by 11.3% during the fourth quarter. Legal & General Group Plc now owns 3,884 shares of the bank’s stock worth $108,000 after purchasing an additional 394 shares during the period. Field & Main Bank acquired a new stake in shares of German American Bancorp. during the first quarter worth $115,000. BNP Paribas Arbitrage SA grew its stake in shares of German American Bancorp. by 675.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,778 shares of the bank’s stock worth $140,000 after purchasing an additional 4,162 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of German American Bancorp. by 368.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,198 shares of the bank’s stock worth $200,000 after purchasing an additional 5,662 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

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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