Wall Street analysts forecast that German American Bancorp, Inc. (NASDAQ:GABC) will report earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for German American Bancorp’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.44. German American Bancorp posted earnings of $0.45 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 2.2%. The firm is scheduled to report its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that German American Bancorp will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.70 to $1.74. For the next fiscal year, analysts anticipate that the company will report earnings of $1.90 per share, with EPS estimates ranging from $1.83 to $2.01. Zacks’ EPS averages are an average based on a survey of research analysts that follow German American Bancorp.

German American Bancorp (NASDAQ:GABC) last issued 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 business had revenue of $32.61 million during the quarter, compared to the consensus estimate 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 research reports. Zacks Investment Research upgraded German American Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, May 31st. BidaskClub upgraded German American Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Hilliard Lyons upgraded German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 price target for the company in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $38.00.

In related news, Director Chris A. Ramsey bought 1,587 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average price 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 in the company, valued at $509,217. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 2,408 shares of company stock valued at $78,036 in the last quarter. 8.51% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of GABC. Schroder Investment Management Group raised its stake in German American Bancorp by 29.7% in the first quarter. Schroder Investment Management Group now owns 3,350 shares of the bank’s stock worth $162,000 after buying an additional 767 shares in the last quarter. First Quadrant L P CA bought a new stake in German American Bancorp during the second quarter worth $137,000. Smithfield Trust Co. raised its stake in German American Bancorp by 50.0% in the second quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock worth $138,000 after buying an additional 1,345 shares in the last quarter. Bank of America Corp DE raised its stake in German American Bancorp by 27.8% in the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock worth $208,000 after buying an additional 958 shares in the last quarter. Finally, First Financial Corp IN raised its stake in German American Bancorp by 49.9% in the second quarter. First Financial Corp IN now owns 4,497 shares of the bank’s stock worth $153,000 after buying an additional 1,498 shares in the last quarter. Institutional investors own 23.84% of the company’s stock.

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Shares of German American Bancorp (NASDAQ:GABC) traded down 0.31% during midday trading on Wednesday, reaching $31.93. The company’s stock had a trading volume of 23,880 shares. The company has a market capitalization of $732.12 million, a P/E ratio of 18.45 and a beta of 1.16. German American Bancorp has a 12-month low of $23.63 and a 12-month high of $36.31. The company’s 50-day moving average price is $33.75 and its 200 day moving average price is $32.43.

The company also recently declared a quarterly dividend, which was paid on Sunday, August 20th. Investors of record on Thursday, August 10th were issued a $0.13 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.63%. German American Bancorp’s payout ratio is 32.57%.

German American Bancorp Company Profile

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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