Short Interest in German American Bancorp, Inc. (NASDAQ:GABC) Expands By 11.9%

German American Bancorp, Inc. (NASDAQ:GABC) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 1,320,000 shares, a growth of 11.9% from the June 30th total of 1,180,000 shares. Based on an average daily trading volume, of 114,800 shares, the days-to-cover ratio is presently 11.5 days.

Institutional Trading of German American Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pettinga Financial Advisors LLC raised its holdings in shares of German American Bancorp by 6.5% during the second quarter. Pettinga Financial Advisors LLC now owns 7,291 shares of the bank’s stock worth $258,000 after purchasing an additional 443 shares during the last quarter. Chatham Capital Group Inc. grew its holdings in German American Bancorp by 1.7% during the second quarter. Chatham Capital Group Inc. now owns 50,316 shares of the bank’s stock worth $1,779,000 after acquiring an additional 840 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in German American Bancorp by 8.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,885 shares of the bank’s stock valued at $418,000 after acquiring an additional 961 shares in the last quarter. EntryPoint Capital LLC grew its stake in shares of German American Bancorp by 186.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,058 shares of the bank’s stock worth $71,000 after purchasing an additional 1,339 shares during the period. Finally, Diversified Trust Co increased its holdings in German American Bancorp by 20.6% in the first quarter. Diversified Trust Co now owns 12,002 shares of the bank’s stock valued at $416,000 after buying an additional 2,050 shares in the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GABC shares. Hovde Group raised their target price on shares of German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, May 31st. StockNews.com upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.33.

German American Bancorp Stock Down 2.6 %

Shares of GABC stock traded down $1.10 on Monday, hitting $40.66. The stock had a trading volume of 92,350 shares, compared to its average volume of 111,956. The company has a market cap of $1.21 billion, a PE ratio of 14.27 and a beta of 0.62. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. German American Bancorp has a one year low of $24.85 and a one year high of $42.78. The business has a 50 day moving average price of $34.74 and a 200 day moving average price of $33.29.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, April 29th. The bank reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. German American Bancorp had a return on equity of 13.68% and a net margin of 25.83%. The firm had revenue of $84.08 million for the quarter, compared to the consensus estimate of $61.05 million. Research analysts anticipate that German American Bancorp will post 2.5 earnings per share for the current fiscal year.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts 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.