Analysts Issue Forecasts for German American Bancorp., Inc.’s Q1 2018 Earnings (GABC)
German American Bancorp., Inc. (NASDAQ:GABC) – Equities researchers at FIG Partners issued their Q1 2018 earnings estimates for shares of German American Bancorp. in a research note issued on Tuesday. FIG Partners analyst B. Martin expects that the bank will post earnings of $0.45 per share for the quarter. FIG Partners also issued estimates for German American Bancorp.’s Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.53 EPS.
Several other analysts have also recently commented on the stock. BidaskClub cut shares of German American Bancorp. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. Sandler O’Neill set a $37.00 price objective on shares of German American Bancorp. and gave the company a “hold” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of German American Bancorp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, January 9th. Finally, Hovde Group restated a “hold” rating on shares of German American Bancorp. in a research note on Wednesday, January 3rd. One 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’s stock. German American Bancorp. has a consensus rating of “Hold” and a consensus price target of $39.00.
German American Bancorp. (NASDAQ:GABC) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). German American Bancorp. had a net margin of 28.47% and a return on equity of 10.90%. The business had revenue of $33.05 million for the quarter, compared to analyst estimates of $33.76 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Saturday, February 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.80%. This is a boost from German American Bancorp.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, February 8th. German American Bancorp.’s payout ratio is presently 31.71%.
In other news, Director Chris A. Ramsey bought 2,852 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $35.13 per share, for a total transaction of $100,190.76. Following the purchase, the director now directly owns 16,969 shares in the company, valued at approximately $596,120.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Chris A. Ramsey bought 9,884 shares of the firm’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. Over the last 90 days, insiders have acquired 19,848 shares of company stock valued at $709,584. Company insiders own 8.51% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of German American Bancorp. in the 3rd quarter valued at $114,000. Great West Life Assurance Co. Can acquired a new position in shares of German American Bancorp. in the 3rd quarter valued at $116,000. Field & Main Bank acquired a new position in shares of German American Bancorp. in the 4th quarter valued at $138,000. Legal & General Group Plc lifted its stake in shares of German American Bancorp. by 56.3% in the 2nd 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 during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of German American Bancorp. in the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 36.60% 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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