Brokerages expect German American Bancorp, Inc. (NASDAQ:GABC) to post earnings of $0.44 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for German American Bancorp’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.44. German American Bancorp posted earnings per share of $0.45 during the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The business is scheduled to announce its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that German American Bancorp will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.74. For the next fiscal year, analysts expect that the company will report earnings of $1.90 per share, with EPS estimates ranging from $1.83 to $2.01. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover German American Bancorp.
German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, July 31st. The bank reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $32.61 million for the quarter, compared to analyst estimates of $33.20 million. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%.
GABC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of German American Bancorp from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, October 4th. BidaskClub upgraded shares of German American Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. German American Bancorp currently has a consensus rating of “Hold” and an average target price of $39.75.
In other news, Director Chris A. Ramsey purchased 3,180 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were purchased at an average cost of $32.35 per share, with a total value of $102,873.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chris A. Ramsey purchased 1,587 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $31.55 per share, for a total transaction of $50,069.85. Following the completion of the acquisition, the director now directly owns 16,140 shares of the company’s stock, valued at approximately $509,217. The disclosure for this purchase can be found here. Insiders bought 5,029 shares of company stock worth $161,641 in the last quarter. Company insiders own 8.51% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Quadrant L P CA purchased a new position in German American Bancorp during the second quarter valued at $137,000. Smithfield Trust Co. lifted its holdings in German American Bancorp by 50.0% during the second quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock valued at $138,000 after purchasing an additional 1,345 shares in the last quarter. First Financial Corp IN lifted its holdings in German American Bancorp by 49.9% during the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock valued at $153,000 after purchasing an additional 1,498 shares in the last quarter. Legal & General Group Plc lifted its holdings in German American Bancorp by 56.3% during the second quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock valued at $181,000 after purchasing an additional 1,914 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in German American Bancorp by 27.8% during the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock valued at $208,000 after purchasing an additional 958 shares in the last quarter. 35.75% of the stock is currently owned by institutional investors and hedge funds.
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German American Bancorp (NASDAQ:GABC) opened at 37.86 on Thursday. The stock has a 50 day moving average price of $35.68 and a 200 day moving average price of $33.45. The company has a market cap of $868.09 million, a price-to-earnings ratio of 21.87 and a beta of 1.17. German American Bancorp has a 52 week low of $25.21 and a 52 week high of $38.44.
About German American Bancorp
German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.
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