Schroder Investment Management Group increased its stake in shares of German American Bancorp, Inc. (NASDAQ:GABC) by 29.7% during the first quarter, Holdings Channel reports. The firm owned 3,350 shares of the bank’s stock after buying an additional 767 shares during the period. Schroder Investment Management Group’s holdings in German American Bancorp were worth $162,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in German American Bancorp during the first quarter valued at $238,000. State Board of Administration of Florida Retirement System bought a new stake in German American Bancorp during the fourth quarter valued at $249,000. US Bancorp DE increased its stake in German American Bancorp by 0.4% in the first quarter. US Bancorp DE now owns 9,055 shares of the bank’s stock valued at $429,000 after buying an additional 38 shares during the period. Virginia Retirement Systems ET AL bought a new stake in German American Bancorp during the first quarter valued at $450,000. Finally, Comerica Bank bought a new stake in German American Bancorp during the fourth quarter valued at $496,000. Hedge funds and other institutional investors own 22.53% of the company’s stock.

Institutional Ownership by Quarter for German American Bancorp (NASDAQ:GABC)

German American Bancorp, Inc. (NASDAQ GABC) opened at 32.04 on Tuesday. The stock has a market cap of $734.65 million, a PE ratio of 18.53 and a beta of 1.20. The firm has a 50-day moving average of $31.89 and a 200 day moving average of $43.96. German American Bancorp, Inc. has a 12 month low of $20.36 and a 12 month high of $36.31.

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GABC has been the subject of several research reports. Zacks Investment Research upgraded shares of German American Bancorp from a “sell” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, April 28th. Sandler O’Neill upgraded shares of German American Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, March 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 target price on shares of German American Bancorp in a report on Monday, April 10th. Finally, Hilliard Lyons upgraded shares of German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 target price for the company in a report on Thursday, May 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.00.

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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