Press coverage about German American Bancorp. (NASDAQ:GABC) has trended positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. German American Bancorp. earned a media sentiment score of 0.33 on Accern’s scale. Accern also gave media stories about the bank an impact score of 44.6781038257089 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
German American Bancorp. (NASDAQ GABC) traded up $0.14 during trading on Friday, reaching $34.57. 29,884 shares of the company were exchanged, compared to its average volume of 45,877. The company has a market capitalization of $792.83, a P/E ratio of 21.08 and a beta of 1.06. German American Bancorp. has a 1-year low of $28.71 and a 1-year high of $39.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.
German American Bancorp. (NASDAQ:GABC) last released its earnings results on Monday, January 29th. The bank reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $33.05 million during the quarter, compared to the consensus estimate of $33.76 million. German American Bancorp. had a net margin of 28.47% and a return on equity of 10.90%. analysts predict that German American Bancorp. will post 2.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Saturday, February 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.74%. This is a boost from German American Bancorp.’s previous quarterly dividend of $0.13. German American Bancorp.’s dividend payout ratio (DPR) is currently 36.59%.
Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of German American Bancorp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Sandler O’Neill set a $37.00 target price on shares of German American Bancorp. and gave the company a “hold” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of German American Bancorp. from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. Finally, Hovde Group reaffirmed a “hold” rating on shares of German American Bancorp. in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $38.75.
In other news, Director Chris A. Ramsey purchased 2,852 shares of the business’s stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $35.13 per share, for a total transaction of $100,190.76. Following the completion of the purchase, the director now directly owns 16,969 shares in the company, valued at approximately $596,120.97. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Chris A. Ramsey bought 3,977 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average price of $36.00 per share, with a total value of $143,172.00. Following the purchase, the director now owns 16,969 shares in the company, valued at approximately $610,884. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 19,808 shares of company stock valued at $708,169. Corporate insiders own 8.51% of the company’s stock.
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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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