Stock of the Day: Could German American Bancorp., Inc. See a Reversal After Breaking Its 52-Week High?

Stock of the Day: Could German American Bancorp., Inc. See a Reversal After Breaking Its 52 Week High?

The stock of German American Bancorp., Inc. (NASDAQ:GABC) hit a new 52-week high and has $52.87 target or 4.00% above today’s $50.84 share price. The 5 months bullish chart indicates low risk for the $789.82 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $52.87 price target is reached, the company will be worth $31.59M 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 16,354 shares traded hands. German American Bancorp., Inc. (NASDAQ:GABC) has risen 49.79% since April 21, 2016 and is uptrending. It has outperformed by 44.46% the S&P500.

Analysts await German American Bancorp., Inc. (NASDAQ:GABC) to report earnings on January, 23. They expect $0.62 earnings per share, up 6.90% or $0.04 from last year’s $0.58 per share. GABC’s profit will be $9.63M for 20.50 P/E if the $0.62 EPS becomes a reality. After $0.67 actual earnings per share reported by German American Bancorp., Inc. for the previous quarter, Wall Street now forecasts -7.46% negative EPS growth.

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. Hovde Group downgraded German American Bancorp., Inc. (NASDAQ:GABC) on Tuesday, March 29 to “Market Perform” rating. The rating was downgraded by Sandler O’Neill on Thursday, September 29 to “Hold”. Sandler O’Neill initiated the stock with “Hold” rating in Tuesday, August 25 report. The firm earned “Mkt Perform” rating on Thursday, October 6 by Raymond James.

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 improved, 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.
Smithfield Com last reported 0.02% of its portfolio in the stock. Us Financial Bank De last reported 8,921 shares in the company. Blackrock Fund has invested 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC). Moreover, California State Teachers Retirement Systems has 0% invested in German American Bancorp., Inc. (NASDAQ:GABC) for 29,766 shares. First Financial Corporation In last reported 2,999 shares in the company. First Tru Advsrs Limited Partnership has 0% invested in the company for 22,385 shares. Teachers Advisors last reported 0% of its portfolio in the stock. Fifth Third Natl Bank has 8,978 shares for 0% of their US portfolio. Moreover, Jpmorgan Chase & has 0% invested in German American Bancorp., Inc. (NASDAQ:GABC) for 6,703 shares. Citadel Advsrs Ltd Liability Corp accumulated 0% or 7,058 shares. Maltese Management Lc owns 24,600 shares or 0.1% of their US portfolio. Blackrock has 3,318 shares for 0% of their US portfolio. Amer Interest Gp holds 0% of its portfolio in German American Bancorp., Inc. (NASDAQ:GABC) for 8,172 shares. Blackrock Mngmt Ltd Liability Co holds 62,187 shares or 0% of its portfolio. Deutsche Bank & Trust Ag last reported 2,537 shares in the company.

Insider Transactions: Since July 15, 2016, the stock had 37 insider purchases, and 0 insider sales for $267,186 net activity. ERNST CHRISTINA M bought $19,998 worth of stock. Snowden Raymond Ward bought $1,400 worth of stock or 38 shares. Root M. Darren also bought $1,194 worth of German American Bancorp., Inc. (NASDAQ:GABC) shares. SEGER THOMAS W bought $2,110 worth of stock or 44 shares. BAWEL DOUGLAS A bought 586 shares worth $19,998. Another trade for 19 shares valued at $700 was made by Ramsey Chris A on Thursday, September 15. KLEM U BUTCH also bought $1,391 worth of German American Bancorp., Inc. (NASDAQ:GABC) on Tuesday, November 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. Businesswire.com‘s article titled: “German American Bancorp, Inc. and River Valley Bancorp Announce Definitive …” and published on October 26, 2015 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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