Zacks Investment Research cut shares of German American Bancorp, Inc. (NASDAQ:GABC) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

According to Zacks, “GERMAN AMERICAN BANCORP is a multi-bank holding company. Through its subsidiaries, they operate affiliated community banks with banking offices and full-service independent insurance agencies in the eight contiguous Southwestern Indiana counties of Daviess, Dubois, Gibson, Knox, Martin, Perry, Pike andS pencer. Their lines of business include retail and commercial banking, mortgage banking, trust and brokerage services, title insurance, and a full range of personal and corporate property and casualty insurance products. “

Several other equities research analysts have also weighed in on GABC. BidaskClub raised German American Bancorp from a hold rating to a buy rating in a research report on Tuesday, July 25th. ValuEngine lowered German American Bancorp from a buy rating to a hold rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $39.75.

Shares of German American Bancorp (NASDAQ:GABC) opened at $35.28 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 0.88. German American Bancorp has a 12-month low of $28.71 and a 12-month high of $39.02. The firm has a market capitalization of $804.84, a PE ratio of 22.36 and a beta of 1.12.

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The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, November 9th. German American Bancorp’s dividend payout ratio (DPR) is presently 33.12%.

In other German American Bancorp news, Director Chris A. Ramsey bought 3,180 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average price of $32.35 per share, with a total value of $102,873.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought a total of 3,221 shares of company stock worth $104,336 in the last three months. Corporate insiders own 8.51% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GABC. SG Americas Securities LLC acquired a new position in German American Bancorp during the third quarter worth approximately $114,000. Great West Life Assurance Co. Can acquired a new position in German American Bancorp during the third quarter worth approximately $116,000. First Quadrant L P CA acquired a new position in German American Bancorp during the second quarter worth approximately $137,000. Smithfield Trust Co. increased its position in German American Bancorp by 50.0% during the second quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock worth $138,000 after buying an additional 1,345 shares during the period. Finally, Legal & General Group Plc increased its position in German American Bancorp by 56.3% during the second quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock worth $181,000 after buying an additional 1,914 shares during the period. 36.23% of the stock is currently owned by institutional investors.

About German American Bancorp

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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