The stock of German American Bancorp., Inc. (NASDAQ:GABC) reached all time high today, Nov, 22 and still has $53.57 target or 7.00% above today’s $50.07 share price. This indicates more upside for the $787.14 million company. This technical setup was reported by Barchart.com. If the $53.57 PT is reached, the company will be worth $55.10 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 15,844 shares traded hands. German American Bancorp., Inc. (NASDAQ:GABC) has risen 47.60% since April 20, 2016 and is uptrending. It has outperformed by 43.04% 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 firm earned “Mkt Perform” rating on Thursday, October 6 by Raymond James. The stock of German American Bancorp., Inc. (NASDAQ:GABC) has “Hold” rating given on Tuesday, August 25 by Sandler O’Neill. The firm has “Market Perform” rating given on Tuesday, March 29 by Hovde Group. The stock of German American Bancorp., Inc. (NASDAQ:GABC) has “Hold” rating given 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 increased to 1.57 in Q2 2016. Its up 0.35, from 1.22 in 2016Q1. The ratio increased, 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.
Old National National Bank In, a Indiana-based fund reported 17,115 shares. Deutsche Retail Bank Ag has 2,537 shares for 0% of their US portfolio. Teacher Retirement Sys Of Texas, a Texas-based fund reported 1,740 shares. Earnest Prtn Ltd has 600 shares for 0% of their US portfolio. Northern, a Illinois-based fund reported 168,201 shares. Fifth Third Natl Bank has 0% invested in the company for 8,978 shares. Blackrock Advisors has invested 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC). Blackrock Grp Incorporated holds 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC) for 3,975 shares. Moreover, Credit Suisse Ag has 0% invested in German American Bancorp., Inc. (NASDAQ:GABC) for 9,247 shares. Wells Fargo & Co Mn holds 0% or 6,439 shares in its portfolio. Rhumbline Advisers accumulated 18,153 shares or 0% of the stock. Hl Financial Service Limited Liability Co has 11,572 shares for 0.01% of their US portfolio. Swiss Bancorp has 16,900 shares for 0% of their US portfolio. Citadel Advsr Ltd Com accumulated 0% or 7,058 shares. Fincl Bank Of America De has 0% invested in the company for 1,661 shares.
Insider Transactions: Since July 15, 2016, the stock had 37 buys, and 0 insider sales for $267,186 net activity. The insider VOYLES MICHAEL J bought $689. 18 shares with value of $689 were bought by BAWEL DOUGLAS A on Monday, October 17. On Monday, August 15 Snowden Raymond Ward bought $9,609 worth of the stock or 275 shares. On Tuesday, November 15 SEGER THOMAS W bought $2,110 worth of the stock or 44 shares. Another trade for 35 shares valued at $1,194 was made by Root M. Darren on Friday, July 15. Shares for $19,987 were bought by KLEM U BUTCH. 586 shares were bought by ERNST CHRISTINA M, worth $19,998 on Friday, July 15.
More recent German American Bancorp., Inc. (NASDAQ:GABC) news were published by: Globenewswire.com which released: “German American Bancorp, Inc. (GABC) receives multiple national recognitions …” on August 12, 2016. Also Businesswire.com published the news titled: “German American Bancorp, Inc. and River Valley Bancorp Announce Definitive …” on October 26, 2015. Equitiesfocus.com‘s news article titled: “Dividend Payout Of German American Bancorp, Inc. (NASDAQ:GABC) At $0.18” with publication date: November 22, 2016 was also an interesting one.
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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