News coverage about German American Bancorp (NASDAQ:GABC) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. German American Bancorp earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.
German American Bancorp (NASDAQ:GABC) traded up 1.34% during midday trading on Friday, hitting $35.64. The company had a trading volume of 38,262 shares. The company has a market cap of $817.19 million, a P/E ratio of 20.61 and a beta of 1.15. German American Bancorp has a one year low of $22.55 and a one year high of $36.31. The company’s 50 day moving average is $33.78 and its 200-day moving average is $40.56.
Several equities analysts recently commented on GABC shares. Sandler O’Neill lowered German American Bancorp from a “buy” rating to a “hold” rating and boosted their price target for the stock from $33.00 to $36.00 in a research report on Wednesday, April 26th. Zacks Investment Research lowered German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Hilliard Lyons reaffirmed an “underperform” rating and issued a $33.00 target price on shares of German American Bancorp in a research report on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 target price on shares of German American Bancorp in a research report on Monday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. German American Bancorp currently has a consensus rating of “Hold” and an average target price of $38.00.
About German American Bancorp
German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.
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