Raymond James Financial Inc. downgraded German American Bancorp., Inc. (NASDAQ:GABC) to Market Perform in a report released today.
- Updated: October 8, 2016
Just yesterday German American Bancorp., Inc. (NASDAQ:GABC) traded -0.11% lower at $38.77. German American Bancorp., Inc.’s 50-day moving average is $37.30 and its 200-day moving average is $33.91. The last closing price is up 11.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 22,565 shares of GABC traded hands, down from an average trading volume of 25,074
Raymond James Financial Inc. has downgraded German American Bancorp., Inc. (NASDAQ:GABC) to Market Perform in a report released on 10/6/2016.
Recent Performance Chart
German American Bancorp., Inc. has 52 week low of $29.24 and a 52 week high of $40.12 with a PE ratio of 17.37 and has a market capitalization of $0.
In addition to Raymond James Financial Inc. reporting its stock price target, a total of 6 brokerages have released a report on German American Bancorp., Inc.. The 12-month price target is $33.83 with 0 equity analysts rating the company a strong buy, three firms rating the stock a buy, 3 analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On German American Bancorp., Inc. (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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