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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

Oct 2016Raymond JamesDowngradesOutperformMarket Perform
Sep 2016Sandler O'NeillDowngradesBuyHold
Mar 2016Hovde GroupDowngradesOutperformMarket Perform

View More Analyst Ratings for GABC
View the Latest Analyst Ratings

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


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