German American Bancorp (NASDAQ:GABC) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• German American Bancorp (NASDAQ:GABC) was downgraded by Wall Street Zen from “hold” to “sell”, adding a bearish note to the stock’s recent analyst coverage.
• Other analysts remain more constructive overall: Piper Sandler and Stephens both rate the stock overweight, and MarketBeat shows a consensus “Moderate Buy” with an average price target of $47.67.
• The company recently reported $0.88 EPS for the quarter, missing estimates by $0.02, while revenue came in above expectations at $97.43 million.

German American Bancorp (NASDAQ:GABC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

A number of other analysts have also recently weighed in on GABC. Piper Sandler raised German American Bancorp from a "neutral" rating to an "overweight" rating and set a $47.00 price objective for the company in a research report on Friday, March 20th. Stephens increased their price objective on German American Bancorp from $47.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods increased their price objective on German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.67.

German American Bancorp Stock Down 1.1%

German American Bancorp stock opened at $43.59 on Friday. German American Bancorp has a twelve month low of $36.55 and a twelve month high of $45.00. The stock has a 50 day moving average of $42.18 and a two-hundred day moving average of $41.09. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.07 and a beta of 0.60.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.02). German American Bancorp had a return on equity of 12.13% and a net margin of 27.09%.The company had revenue of $97.43 million for the quarter, compared to analyst estimates of $95.84 million. As a group, research analysts expect that German American Bancorp will post 3.71 earnings per share for the current year.

Institutional Trading of German American Bancorp

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of German American Bancorp by 220.7% in the 1st quarter. Parallel Advisors LLC now owns 1,347 shares of the bank's stock valued at $56,000 after buying an additional 927 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of German American Bancorp in the 3rd quarter valued at approximately $58,000. Quadrant Capital Group LLC acquired a new stake in shares of German American Bancorp in the 3rd quarter valued at approximately $72,000. MAI Capital Management lifted its holdings in shares of German American Bancorp by 2,605.9% in the 3rd quarter. MAI Capital Management now owns 2,300 shares of the bank's stock valued at $90,000 after buying an additional 2,215 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of German American Bancorp by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank's stock valued at $109,000 after buying an additional 2,132 shares during the period. 46.90% of the stock is owned by institutional investors and hedge funds.

About German American Bancorp

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company's core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.

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