Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for German American Bancorp Inc (NASDAQ: GABC) improved in the last week. GABC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, German American Bancorp Inc (NASDAQ: GABC) stock declined slightly by -0.5%, closing at $37.52. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
GABC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
German American Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. German American Bancorp has a neutral Appreciation Score of 46 but a good Power Rating of 77, producing the Positive Value Trend Rating.
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