Brokerages forecast that German American Bancorp, Inc. (NASDAQ:GABC) will post sales of $35.20 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for German American Bancorp’s earnings, with estimates ranging from $34.90 million to $35.50 million. German American Bancorp posted sales of $32.61 million during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The business is scheduled to issue its next earnings report on Monday, July 30th.
According to Zacks, analysts expect that German American Bancorp will report full year sales of $144.80 million for the current year, with estimates ranging from $143.90 million to $145.70 million. For the next year, analysts expect that the company will post sales of $154.35 million per share, with estimates ranging from $153.70 million to $155.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow German American Bancorp.
German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, April 30th. The bank reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The business had revenue of $35.10 million for the quarter, compared to the consensus estimate of $34.10 million. German American Bancorp had a return on equity of 10.84% and a net margin of 29.35%.
GABC has been the subject of several recent research reports. BidaskClub raised shares of German American Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 20th. Sandler O’Neill set a $37.00 price objective on shares of German American Bancorp and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Six equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $35.33.
A number of hedge funds have recently modified their holdings of GABC. Field & Main Bank bought a new stake in German American Bancorp in the 4th quarter worth about $138,000. Advisor Group Inc. bought a new stake in German American Bancorp in the 4th quarter worth about $139,000. Signature Financial Management Inc. bought a new stake in German American Bancorp in the 1st quarter worth about $252,000. Teacher Retirement System of Texas bought a new stake in German American Bancorp in the 4th quarter worth about $262,000. Finally, United Capital Financial Advisers LLC bought a new stake in German American Bancorp in the 1st quarter worth about $345,000. 36.99% of the stock is owned by institutional investors and hedge funds.
NASDAQ:GABC opened at $35.74 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.75. The stock has a market cap of $805.70 million, a PE ratio of 21.40 and a beta of 1.06. German American Bancorp has a one year low of $35.00 and a one year high of $35.48.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, May 20th. Shareholders of record on Thursday, May 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Wednesday, May 9th. German American Bancorp’s payout ratio is 35.93%.
About German American Bancorp
German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.
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