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

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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
May 2014Keefe Bruyette & WoodsUpgradesMarket PerformOutperform
Apr 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Sep 2013DA DavidsonInitiates Coverage onNeutral

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

 

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