Market Overview

UPDATE: D.A. Davidson Initiates Coverage on German American Bancorp on Good Market Position

Share:
Related GABC
Worst Performing Industries For August 14, 2015
Wells Fargo to Raise Asset-Management Business to $1 Trillion

In a report published Thursday, D.A. Davidson & Co. analyst Stephen Geyen initiated coverage on German American Bancorp (NASDAQ: GABC) with a Neutral rating and $27.00 price target.

In the report, D.A. Davidson & Co. noted, “Initiating coverage with a NEUTRAL rating and $27 price target; we think GABC is well-positioned from a competitive perspective across southern Indiana as new lenders with established relationships gain market share. With solid asset quality and sufficient balance sheet capacity we think GABC should be able to capture incremental lending opportunities by taking market share from other banks.”

German American Bancorp closed on Wednesday at $26.41.

Latest Ratings for GABC

DateFirmActionFromTo
Aug 2015Sandler O'NeillInitiates Coverage onHold
Apr 2015Keefe Bruyette & WoodsDowngradesOutperformMarket Perform
Apr 2015Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for GABC
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co. Stephen GeyenAnalyst Color Initiation Analyst Ratings

 

Related Articles (GABC)

Get Benzinga's Newsletters