Will German American Bancorp, Inc. (GABC) Short Squeeze Soon? The Stock Formed a Multiple Top Pattern

December 8, 2017 - By Stephen Andrade

Investors sentiment increased to 8 in 2017 Q2. Its up 7.00, from 1 in 2017Q1. It is positive, as 5 investors sold German American Bancorp, Inc. shares while 4 reduced holdings. 15 funds opened positions while 57 raised stakes. 16.05 million shares or 221.99% more from 4.99 million shares in 2017Q1 were reported.
Emerald Mutual Fund Advisers reported 11,889 shares. Wells Fargo And Mn holds 0% or 17,797 shares in its portfolio. Fincl Bank Of America De holds 0% in German American Bancorp, Inc. (NASDAQ:GABC) or 4,235 shares. Citadel Advsrs Limited Liability Com has invested 0% of its portfolio in German American Bancorp, Inc. (NASDAQ:GABC). Jpmorgan Chase & reported 0% stake. Credit Suisse Ag has 0% invested in German American Bancorp, Inc. (NASDAQ:GABC) for 11,432 shares. Bessemer Group invested 0% in German American Bancorp, Inc. (NASDAQ:GABC). 550,650 were reported by Franklin Res. Susquehanna Int Gp Ltd Liability Partnership reported 6,488 shares. Fmr Ltd Company owns 837,597 shares or 0% of their US portfolio. Interest Group holds 13,149 shares or 0% of its portfolio. First Financial In reported 0.1% of its portfolio in German American Bancorp, Inc. (NASDAQ:GABC). Parametric Port Assocs Limited invested 0% in German American Bancorp, Inc. (NASDAQ:GABC). Spark Inv Mgmt Ltd stated it has 12,200 shares or 0.03% of all its holdings. Gsa Prtnrs Llp has 0.02% invested in German American Bancorp, Inc. (NASDAQ:GABC) for 8,350 shares.

The stock of German American Bancorp, Inc. (GABC) shows a multiple tops pattern with $37.97 target or 6.00 % above today’s $35.82 share price. The 8 months chart pattern indicates low risk for the $821.35M company. It was reported on Dec, 8 by Finviz.com. If the $37.97 price target is reached, the company will be worth $49.28M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.39% or $0.14 during the last trading session, reaching $35.82. About 20,600 shares traded. German American Bancorp, Inc. (NASDAQ:GABC) has risen 47.73% since December 8, 2016 and is uptrending. It has outperformed by 31.03% the S&P500.

Analysts await German American Bancorp, Inc. (NASDAQ:GABC) to report earnings on January, 29. They expect $0.42 EPS, down 4.55 % or $0.02 from last year’s $0.44 per share. GABC’s profit will be $9.63 million for 21.32 P/E if the $0.42 EPS becomes a reality. After $0.42 actual EPS reported by German American Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

German American Bancorp, Inc. (NASDAQ:GABC) Ratings Coverage

Among 4 analysts covering German American Bancorp (NASDAQ:GABC), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. German American Bancorp had 8 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, October 3. The rating was maintained by Keefe Bruyette & Woods on Friday, May 26 with “Hold”. The firm earned “Hold” rating on Tuesday, October 31 by Keefe Bruyette & Woods. On Thursday, October 6 the stock rating was downgraded by Raymond James to “Mkt Perform”. The stock has “Hold” rating by Sandler O’Neill on Tuesday, August 25. The rating was downgraded by Sandler O’Neill to “Hold” on Thursday, September 29. The firm earned “Market Perform” rating on Tuesday, March 29 by Hovde Group.

More notable recent German American Bancorp, Inc. (NASDAQ:GABC) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: BB&T, Aspen Insurance Holdings and German American Bancorp” on November 07, 2017, also Nasdaq.com with their article: “German American Bancorp, Inc. (GABC) Ex-Dividend Date Scheduled for November …” published on November 08, 2017, Globenewswire.com published: “German American Bancorp, Inc. (GABC) Announces Three-for-Two Stock Split” on March 27, 2017. More interesting news about German American Bancorp, Inc. (NASDAQ:GABC) were released by: Globenewswire.com and their article: “German American Bancorp, Inc. (GABC) Reports First Quarter Earnings …” published on April 24, 2017 as well as Zacks.com‘s news article titled: “Why Should You Pick German American Bancorp (GABC) Stock Now” with publication date: June 22, 2017.

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