Today German American Bancorp Incorporated (NASDAQ:GABC) Reported Increase in Shorted Shares

February 12, 2018 - By Linda Rogers

 Today German American Bancorp Incorporated (NASDAQ:GABC) Reported Increase in Shorted Shares

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 6.70, from 8 in 2017Q2. It dropped, as 7 investors sold German American Bancorp, Inc. shares while 23 reduced holdings. 13 funds opened positions while 26 raised stakes. 8.18 million shares or 49.05% less from 16.05 million shares in 2017Q2 were reported.
Metropolitan Life Insurance Ny has invested 0% in German American Bancorp, Inc. (NASDAQ:GABC). Wedge Cap Mngmt L Lp Nc reported 126,004 shares. National Bank & Trust Of Montreal Can holds 0% in German American Bancorp, Inc. (NASDAQ:GABC) or 5,154 shares. Assetmark has invested 0% in German American Bancorp, Inc. (NASDAQ:GABC). Morgan Stanley invested in 57,423 shares or 0% of the stock. New York State Common Retirement Fund holds 0% of its portfolio in German American Bancorp, Inc. (NASDAQ:GABC) for 22,350 shares. Old Natl Comml Bank In invested in 0.05% or 25,426 shares. Bnp Paribas Arbitrage accumulated 2,171 shares or 0% of the stock. Legal & General Grp Public Ltd Company reported 5,720 shares or 0% of all its holdings. Credit Suisse Ag accumulated 0% or 27,509 shares. California Pub Employees Retirement System reported 35,990 shares. Gsa Prtnrs Limited Liability Partnership holds 0.11% of its portfolio in German American Bancorp, Inc. (NASDAQ:GABC) for 40,933 shares. California State Teachers Retirement reported 0% in German American Bancorp, Inc. (NASDAQ:GABC). Sei Invs accumulated 0% or 8 shares. The Illinois-based First Trust L P has invested 0% in German American Bancorp, Inc. (NASDAQ:GABC).

Since December 15, 2017, it had 9 insider buys, and 0 selling transactions for $9,209 activity. Ramsey Chris A bought 19 shares worth $704. SEGER THOMAS W bought 38 shares worth $1,408. On Friday, December 15 ERNST CHRISTINA M bought $732 worth of German American Bancorp, Inc. (NASDAQ:GABC) or 20 shares. $1,408 worth of German American Bancorp, Inc. (NASDAQ:GABC) was bought by Snowden Raymond Ward on Monday, January 15. The insider VOYLES MICHAEL J bought 19 shares worth $704. $2,112 worth of stock was bought by KLEM U BUTCH on Monday, January 15.

The stock of German American Bancorp Incorporated (NASDAQ:GABC) registered an increase of 4.32% in short interest. GABC’s total short interest was 1.16M shares in February as published by FINRA. Its up 4.32% from 1.11 million shares, reported previously. With 38,700 shares average volume, it will take short sellers 30 days to cover their GABC’s short positions. The short interest to German American Bancorp Incorporated’s float is 8.33%.

The stock increased 0.77% or $0.26 during the last trading session, reaching $34. About 16,616 shares traded. German American Bancorp, Inc. (NASDAQ:GABC) has risen 47.73% since February 12, 2017 and is uptrending. It has outperformed by 31.03% the S&P500.

German American Bancorp, Inc. operates as the bank holding firm for German American Bancorp that provides retail and commercial banking services. The company has market cap of $779.77 million. The firm operates through three divisions: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. It has a 19.21 P/E ratio. The Core Banking segment attracts 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.

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 11 analyst reports since August 25, 2015 according to SRatingsIntel. Sandler O’Neill maintained it with “Hold” rating and $38.0 target in Wednesday, January 3 report. Sandler O’Neill initiated German American Bancorp, Inc. (NASDAQ:GABC) on Tuesday, August 25 with “Hold” rating. The stock has “Hold” rating by Sandler O’Neill on Thursday, September 29. Hovde Group downgraded the stock to “Market Perform” rating in Tuesday, March 29 report. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 31 with “Hold”. Sandler O’Neill maintained German American Bancorp, Inc. (NASDAQ:GABC) rating on Tuesday, January 30. Sandler O’Neill has “Hold” rating and $37.0 target. Keefe Bruyette & Woods maintained the shares of GABC in report on Thursday, December 21 with “Hold” rating. Raymond James downgraded German American Bancorp, Inc. (NASDAQ:GABC) on Thursday, October 6 to “Mkt Perform” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, May 26.

More news for German American Bancorp, Inc. (NASDAQ:GABC) were recently published by: Nasdaq.com, which released: “German American Bancorp, Inc. (GABC) Ex-Dividend Date Scheduled for February …” on February 07, 2018. Globenewswire.com‘s article titled: “German American Bancorp, Inc. (GABC) Announces Three-for-Two Stock Split” and published on March 27, 2017 is yet another important article.

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