Somewhat Positive Media Coverage Somewhat Unlikely to Affect German American Bancorp (NASDAQ:GABC) Stock Price
News articles about German American Bancorp (NASDAQ:GABC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. German American Bancorp earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.4694318349741 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of German American Bancorp (GABC) opened at 34.80 on Wednesday. The firm has a market cap of $797.93 million, a P/E ratio of 20.13 and a beta of 1.15. German American Bancorp has a 52 week low of $22.12 and a 52 week high of $36.31. The company’s 50-day moving average price is $32.88 and its 200 day moving average price is $41.27.
A number of research analysts have recently weighed in on GABC shares. Zacks Investment Research raised German American Bancorp from a “sell” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, April 28th. Sandler O’Neill raised German American Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, March 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price target on shares of German American Bancorp in a research note on Monday, April 10th. Finally, Hilliard Lyons raised German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 price target on the stock in a research note on Thursday, May 25th. Five investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $38.00.
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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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