Sandler O'Neill upgraded German American Bancorp., Inc. (NASDAQ:GABC) to Hold in a report released today.
- Updated: October 1, 2016
Sandler O'Neill has upgraded German American Bancorp., Inc. (NASDAQ:GABC) to Hold in a report released on 9/29/2016.
Yesterday German American Bancorp., Inc. (NASDAQ:GABC) traded 2.18% higher at $39.37. The company’s 50-day moving average is $36.82 and its 200-day moving average is $33.69. The last closing price is up 15.55% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 45,537 shares of the stock traded hands, up from an average trading volume of 24,314
See Chart Below
German American Bancorp., Inc. has a price-earnings ratio of 17.86 with a one year low of $28.98 and a one year high of $40.12 GABC’s total market value is presently $0.
A total of 6 equity analysts have released a ratings update on GABC. zero brokerages rating the company a strong buy, three brokerages rating the company a buy, three brokerages 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., 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.