German American Bancorp (GABC) Getting Favorable Press Coverage, Study Shows

Media stories about German American Bancorp (NASDAQ:GABC) have trended positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. German American Bancorp earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.0491707469176 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of research firms recently issued reports on GABC. Hovde Group reaffirmed a “hold” rating on shares of German American Bancorp in a research note on Wednesday, January 3rd. Zacks Investment Research raised German American Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Thursday, March 29th. BidaskClub lowered German American Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. Finally, Sandler O’Neill set a $37.00 target price on German American Bancorp and gave the company a “hold” rating in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $35.33.

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GABC stock opened at $34.95 on Friday. German American Bancorp has a 1 year low of $30.32 and a 1 year high of $39.02. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $801.54, a P/E ratio of 20.93 and a beta of 1.04.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, January 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). German American Bancorp had a net margin of 28.47% and a return on equity of 10.80%. The company had revenue of $33.05 million during the quarter, compared to analysts’ expectations of $33.76 million. analysts expect that German American Bancorp will post 2.02 earnings per share for the current year.

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German American Bancorp Company Profile

German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.

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