German American Bancorp (NASDAQ:GABC) has been downgraded from Outperform to Mkt Perform in a statement by Raymond James earlier today.
- Updated: October 6, 2016
Raymond James has downgraded German American Bancorp (NASDAQ:GABC) from Outperform to Mkt Perform in a statement released on 10/06/2016.
Having a price of $38.77, German American Bancorp (NASDAQ:GABC) traded -1.06% lower on the day. With the last close up 13.36% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. German American Bancorp has recorded a 50-day average of $37.16 and a two hundred day average of $33.84. Volume of trade was down over the average, with 9,413 shares of GABC changing hands under the typical 24,366
With a total market value of $0, German American Bancorp has price-earnings ratio of 17.60 with a one year low of $29.24 and a one year high of $40.12 .
A total of 6 analysts have released a report on German American Bancorp. zero analysts rating the company a strong buy, three analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $33.83.
More About German American Bancorp (NASDAQ:GABC)
German American Bancorp, Inc. is a bank holding company. The Company's operating segments include core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company's local markets. Its core banking segment also involves the sale of residential mortgage loans in the secondary market. The trust and investment advisory services segment involves providing trust, investment advisory and brokerage services to customers. The insurance segment offers a range of personal and corporate property and casualty insurance products in its banking subsidiary's local markets. Its lines of business include retail and commercial banking, financial planning, service brokerage and trust administration, and personal and corporate insurance products.
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