The stock of German American Bancorp., Inc. (NASDAQ:GABC) reached all time high today, Nov, 3 and still has $65.79 target or 63.00% above today’s $40.36 share price. This indicates more upside for the $615.49M company. This technical setup was reported by Barchart.com. If the $65.79 PT is reached, the company will be worth $387.76M 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 22,085 shares traded hands. German American Bancorp., Inc. (NASDAQ:GABC) has risen 21.97% since April 1, 2016 and is uptrending. It has outperformed by 20.76% 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. Raymond James downgraded German American Bancorp., Inc. (NASDAQ:GABC) on Thursday, October 6 to “Mkt Perform” rating. The rating was initiated by Sandler O’Neill on Tuesday, August 25 with “Hold”. As per Tuesday, March 29, the company rating was downgraded by Hovde Group. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, September 29 report.
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 dived, 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.
Mesirow Financial Invest holds 8,161 shares or 0.02% of its portfolio. Moreover, Fmr Limited Liability Company has 0% invested in German American Bancorp., Inc. (NASDAQ:GABC) for 627,277 shares. Legal General Group Incorporated Pcl reported 2,546 shares or 0% of all its holdings. Morgan Stanley holds 0% or 50,715 shares in its portfolio. Old Natl Bank In has 0.03% invested in the company for 17,115 shares. Rhumbline Advisers accumulated 0% or 18,153 shares. Maltese Capital Ltd last reported 0.1% of its portfolio in the stock. The Texas-based Dimensional Fund Advsr Limited Partnership has invested 0.01% in German American Bancorp., Inc. (NASDAQ:GABC). Bridgeway Cap Inc accumulated 0.01% or 25,650 shares. Ladenburg Thalmann Services Inc reported 320 shares or 0% of all its holdings. Panagora Asset Mngmt has 0% invested in the company for 4,492 shares. Creative Planning holds 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC) for 502 shares. Moreover, Johnson Counsel Inc has 0.02% invested in German American Bancorp., Inc. (NASDAQ:GABC) for 20,054 shares. Wedge Cap Mgmt L Limited Partnership Nc holds 0.05% or 149,848 shares in its portfolio. Fifth Third Financial Bank holds 8,978 shares or 0% of its portfolio.
Insider Transactions: Since May 11, 2016, the stock had 39 insider purchases, and 0 sales for $299,150 net activity. 57 shares were bought by KLEM U BUTCH, worth $2,101. 38 German American Bancorp., Inc. (NASDAQ:GABC) shares with value of $1,190 were bought by ERNST CHRISTINA M. 440 German American Bancorp., Inc. (NASDAQ:GABC) shares with value of $15,015 were bought by Fine Marc D. Snowden Raymond Ward bought $1,400 worth of stock or 38 shares. Another trade for 637 shares valued at $20,107 was made by VOYLES MICHAEL J on Monday, May 16. Another trade for 220 shares valued at $7,687 was bought by BAWEL DOUGLAS A. Root M. Darren had bought 63 shares worth $2,201.
More recent German American Bancorp., Inc. (NASDAQ:GABC) news were published by: Globenewswire.com which released: “German American Bancorp, Inc. to Present at KBW Community Bank Investor Conference” on July 29, 2016. Also Businesswire.com published the news titled: “German American Bancorp, Inc. and River Valley Bancorp Announce Definitive …” on October 26, 2015. Globenewswire.com‘s news article titled: “German American Bancorp, Inc. (GABC) receives multiple national recognitions …” with publication date: August 12, 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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