Equities analysts forecast that German American Bancorp., Inc. (NASDAQ:GABC) will post earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for German American Bancorp.’s earnings, with estimates ranging from $0.45 to $0.49. German American Bancorp. posted earnings of $0.28 per share in the same quarter last year, which indicates a positive year over year growth rate of 67.9%. The business is expected to report its next earnings report on Monday, April 23rd.
According to Zacks, analysts expect that German American Bancorp. will report full year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $1.98 to $2.05. For the next year, analysts expect that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.15 to $2.23. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company 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%.
Several brokerages have recently weighed in on GABC. Hovde Group restated a “hold” rating on shares of German American Bancorp. in a report on Wednesday, January 3rd. BidaskClub cut German American Bancorp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Sandler O’Neill set a $37.00 price objective on German American Bancorp. and gave the company a “hold” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded German American Bancorp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. German American Bancorp. presently has an average rating of “Hold” and an average price target of $38.75.
German American Bancorp. (NASDAQ:GABC) opened at $34.57 on Tuesday. The firm has a market capitalization of $792.69, a PE ratio of 19.53 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.73. German American Bancorp. has a 1-year low of $28.71 and a 1-year high of $39.02.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Saturday, February 10th will be paid a $0.15 dividend. This is an increase from German American Bancorp.’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, February 8th. German American Bancorp.’s dividend payout ratio (DPR) is 33.90%.
In other news, Director Chris A. Ramsey bought 2,852 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $35.13 per share, for a total transaction of $100,190.76. Following the purchase, the director now owns 16,969 shares of the company’s stock, valued at approximately $596,120.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chris A. Ramsey bought 9,884 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average price of $35.75 per share, with a total value of $353,353.00. The disclosure for this purchase can be found here. Insiders purchased a total of 19,808 shares of company stock valued at $708,169 over the last quarter. 8.51% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of GABC. Schwab Charles Investment Management Inc. lifted its position in German American Bancorp. by 2.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 92,523 shares of the bank’s stock worth $3,519,000 after acquiring an additional 2,259 shares during the last quarter. SG Americas Securities LLC acquired a new stake in German American Bancorp. during the third quarter worth approximately $114,000. Great West Life Assurance Co. Can acquired a new stake in German American Bancorp. during the third quarter worth approximately $116,000. Citadel Advisors LLC lifted its position in German American Bancorp. by 20.4% during the fourth quarter. Citadel Advisors LLC now owns 19,442 shares of the bank’s stock worth $687,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in German American Bancorp. by 2.8% during the fourth quarter. Bank of New York Mellon Corp now owns 132,128 shares of the bank’s stock worth $4,668,000 after acquiring an additional 3,564 shares during the last quarter. Institutional investors and hedge funds own 36.74% 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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