Skip to main content

Market Overview

UPDATE: Keefe, Bruyette & Woods Upgrades German American Bancorp On Attractive Core Holding


In a report published Friday, Keefe, Bruyette & Woods analyst Damon DelMonte upgraded the rating on German American Bancorp (NASDAQ: GABC) from Market Perform to Outperfom, and raised the price target from $29.00 to $30.00.

In the report, Keefe, Bruyette & Woods noted, “We are transferring coverage of German American Bancorp, Inc. from Christopher McGratty, increasing our 12-month price target to $30 from $29, and raising our rating to Outperform from Market Perform. We view German American as an attractive core holding for small-cap community bank investors—given the bank's consistently above-average profitability, outlook for favorable loan growth, and demonstrated track record of growing tangible book value.”

German American Bancorp closed on Thursday at $26.27.

Latest Ratings for GABC

Sep 2020Piper SandlerMaintainsNeutral
May 2020Keefe, Bruyette & WoodsReiteratesMarket Perform
Oct 2016Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for GABC
View the Latest Analyst Ratings


Related Articles (GABC)

View Comments and Join the Discussion!

Posted-In: Damon DelMonte Keefe Bruyette & WoodsAnalyst Color Upgrades Analyst Ratings

Latest Ratings

GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at