(Nasdaq:GABC) German American Bancorp., Inc. Hits 52 Week Low

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GABC
GABC

German American Bancorp., Inc. (Nasdaq:GABC)

December 6th, 2018
German American Bancorp., Inc. rose $0.12 Thursday which equals a 0.41% jump, closing at $29.33. Despite ending the day higher, German American Bancorp., Inc. hit a new 52 week low of $28.42, breaking the previous low of $29.09 from earlier this month. In addition to finishing higher, trading volumes were solid at 220% of normal which can indicate investors see opportunities.

GABC outperformed the rest of the Financials sector which went down 1.44% today.

Forecasts from 4 analysts suggest that German American Bancorp., Inc. could grow quite a bit (18%), while Finbox has calculated (with high uncertainty) a fair value price of $28.96.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector declining 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

German American Bancorp., Inc. Info

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. The Trust and Investment Advisory Services segment provides trust, investment advisory, and brokerage services. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance products. As of February 13, 2018, the company operated 53 banking offices in 19 contiguous southern Indiana counties and 1 northern Kentucky County. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

All amounts in USD unless otherwise indicated

GABC daily update
GABC daily update


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