Stock Mover of the Day: Is Buying 52-Week Stock Like German American Bancorp., Inc. a Winning Strategy?

Stock Mover of the Day: Is Buying 52 Week Stock Like German American Bancorp., Inc. a Winning Strategy?

The stock of German American Bancorp., Inc. (NASDAQ:GABC) hit a new 52-week high and has $78.60 target or 66.00% above today’s $47.35 share price. The 8 months bullish chart indicates low risk for the $764.41 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $78.60 price target is reached, the company will be worth $504.51 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 52,153 shares traded hands or 80.30% up from the average. German American Bancorp., Inc. (NASDAQ:GABC) has risen 44.27% since April 11, 2016 and is uptrending. It has outperformed by 38.12% the S&P500.

German American Bancorp., Inc. (NASDAQ:GABC) Ratings Coverage

Out of 3 analysts covering German American Bancorp (NASDAQ:GABC), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. German American Bancorp has been the topic of 5 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of German American Bancorp., Inc. (NASDAQ:GABC) earned “Hold” rating by Sandler O’Neill on Tuesday, August 25. The company was downgraded on Thursday, October 6 by Raymond James. Hovde Group downgraded the shares of GABC in a report on Tuesday, March 29 to “Market Perform” rating. The firm earned “Hold” rating on Thursday, September 29 by Sandler O’Neill.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.65, from 1.87 in 2016Q1. The ratio fall, as 4 funds sold all German American Bancorp., Inc. shares owned while 23 reduced positions. 6 funds bought stakes while 27 increased positions. They now own 4.28 million shares or 0.82% less from 4.31 million shares in 2016Q1.
Us Bancshares De reported 8,921 shares or 0% of all its holdings. The Florida-based Ladenburg Thalmann Fincl Svcs Inc has invested 0% in German American Bancorp., Inc. (NASDAQ:GABC). Blackrock holds 0% or 3,318 shares in its portfolio. Swiss Natl Bank, a Switzerland-based fund reported 16,900 shares. Blackrock Investment Management Limited Co reported 62,187 shares or 0% of all its holdings. The New York-based Amer Gp has invested 0% in German American Bancorp., Inc. (NASDAQ:GABC). Dimensional Fund Advsrs Lp has 456,260 shares for 0.01% of their US portfolio. Renaissance Tech Ltd Llc last reported 0% of its portfolio in the stock. Bridgeway Cap Mngmt accumulated 0.01% or 25,650 shares. Wells Fargo Co Mn holds 6,439 shares or 0% of its portfolio. Citigroup has 1,332 shares for 0% of their US portfolio. Legal And General Group Inc Public Limited Liability Corp holds 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC) for 2,546 shares. Credit Suisse Ag last reported 9,247 shares in the company. The Wisconsin-based Morgan Dempsey Cap Management Ltd Liability Corporation has invested 0.53% in German American Bancorp., Inc. (NASDAQ:GABC). California State Teachers Retirement accumulated 29,766 shares or 0% of the stock.

Insider Transactions: Since May 16, 2016, the stock had 38 insider buys, and 0 sales for $280,660 net activity. 38 German American Bancorp., Inc. (NASDAQ:GABC) shares with value of $1,190 were bought by SEGER THOMAS W. KLEM U BUTCH also bought $19,987 worth of German American Bancorp., Inc. (NASDAQ:GABC) shares. $1,190 worth of German American Bancorp., Inc. (NASDAQ:GABC) was bought by ERNST CHRISTINA M. Root M. Darren had bought 38 shares worth $1,190 on Monday, May 16. VOYLES MICHAEL J had bought 586 shares worth $19,998. 19 German American Bancorp., Inc. (NASDAQ:GABC) shares with value of $700 were bought by Ramsey Chris A. BAWEL DOUGLAS A had bought 38 shares worth $1,190 on Monday, May 16.

GABC Company Profile

German American Bancorp, Inc., incorporated on October 29, 1982, is a bank holding company. The Company’s operating divisions 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. The 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. The Company’s lines of business include retail and commercial banking, comprehensive financial planning, full service brokerage and trust administration, and a range of personal and corporate insurance products.

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