The stock of German American Bancorp., Inc. (NASDAQ:GABC) reached all time high today, Nov, 14 and still has $61.07 target or 27.00% above today’s $48.09 share price. This indicates more upside for the $796.27M company. This technical setup was reported by Barchart.com. If the $61.07 PT is reached, the company will be worth $214.99 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 27,271 shares traded hands. German American Bancorp., Inc. (NASDAQ:GABC) has risen 47.43% since April 12, 2016 and is uptrending. It has outperformed by 42.45% 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. Sandler O’Neill downgraded German American Bancorp., Inc. (NASDAQ:GABC) on Thursday, September 29 to “Hold” rating. Hovde Group downgraded the stock to “Market Perform” rating in Tuesday, March 29 report. The stock of German American Bancorp., Inc. (NASDAQ:GABC) has “Hold” rating given on Tuesday, August 25 by Sandler O’Neill. The rating was downgraded by Raymond James to “Mkt Perform” on Thursday, October 6.
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 is negative, 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.
Blackrock Advsr Limited Liability Com accumulated 0% or 7,605 shares. Moreover, Tower Research Cap Ltd Liability Co (Trc) has 0% invested in German American Bancorp., Inc. (NASDAQ:GABC) for 546 shares. Bridgeway Capital has 25,650 shares for 0.01% of their US portfolio. Ladenburg Thalmann Fin Services accumulated 320 shares or 0% of the stock. Creative Planning holds 0% or 502 shares in its portfolio. Blackrock Investment Mgmt Llc last reported 0% of its portfolio in the stock. Blackrock Gp Ltd last reported 0% of its portfolio in the stock. Swiss National Bank has 0% invested in the company for 16,900 shares. Panagora Asset Inc has invested 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC). Blackrock Fund Advisors holds 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC) for 366,084 shares. Teachers Inc accumulated 0% or 22,963 shares. The United Kingdom-based Barclays Public Ltd Company has invested 0% in German American Bancorp., Inc. (NASDAQ:GABC). New York State Common Retirement Fund reported 16,900 shares or 0% of all its holdings. Wells Fargo And Mn has 0% invested in the company for 6,439 shares. Deutsche National Bank & Trust Ag holds 0% or 2,537 shares in its portfolio.
Insider Transactions: Since May 16, 2016, the stock had 30 insider buys, and 0 sales for $252,223 net activity. ERNST CHRISTINA M had bought 242 shares worth $8,456. SEGER THOMAS W also bought $15,794 worth of German American Bancorp., Inc. (NASDAQ:GABC) shares. The insider BAWEL DOUGLAS A bought 18 shares worth $689. 18 shares were bought by VOYLES MICHAEL J, worth $689 on Monday, October 17. 63 German American Bancorp., Inc. (NASDAQ:GABC) shares with value of $2,201 were bought by Root M. Darren. 586 shares were bought by Ramsey Chris A, worth $19,998 on Friday, July 15. KLEM U BUTCH also bought $2,101 worth of German American Bancorp., Inc. (NASDAQ:GABC) on Thursday, September 15.
More news for German American Bancorp., Inc. (NASDAQ:GABC) were recently published by: Globenewswire.com, which released: “German American Bancorp, Inc. (GABC) receives multiple national recognitions …” on August 12, 2016. Globenewswire.com‘s article titled: “German American Bancorp, Inc. to Present at KBW Community Bank Investor Conference” and published on July 29, 2016 is yet another important article.
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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