Equities research analysts forecast that German American Bancorp., Inc. (NASDAQ:GABC) will report $0.59 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for German American Bancorp.’s earnings. German American Bancorp. posted earnings of $0.55 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The firm is scheduled to report its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that German American Bancorp. will report full-year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.42. For the next year, analysts forecast that the firm will report earnings of $2.47 per share, with EPS estimates ranging from $2.46 to $2.47. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover German American Bancorp..

German American Bancorp. (NASDAQ:GABC) last announced its earnings results on Monday, July 29th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $44.15 million for the quarter, compared to analyst estimates of $44.10 million. German American Bancorp. had a return on equity of 12.41% and a net margin of 27.51%.

A number of analysts have commented on GABC shares. Hovde Group lowered shares of German American Bancorp. from an “outperform” rating to a “market perform” rating and set a $34.00 price objective for the company. in a research note on Monday, August 5th. Zacks Investment Research raised shares of German American Bancorp. from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, BidaskClub raised shares of German American Bancorp. from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th.

GABC traded up $0.65 during trading on Friday, reaching $32.36. The company had a trading volume of 20,633 shares, compared to its average volume of 62,283. The firm’s 50-day simple moving average is $30.65 and its 200 day simple moving average is $29.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $862.75 million, a price-to-earnings ratio of 15.12 and a beta of 0.88. German American Bancorp. has a 12-month low of $26.20 and a 12-month high of $37.53.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Saturday, August 10th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 8th. German American Bancorp.’s payout ratio is 31.78%.

In other news, Director Chris A. Ramsey bought 2,059 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $31.00 per share, with a total value of $63,829.00. Following the purchase, the director now directly owns 20,271 shares in the company, valued at $628,401. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 3,160 shares of company stock worth $96,774. Company insiders own 7.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in German American Bancorp. by 1.9% during the 2nd quarter. Royal Bank of Canada now owns 71,466 shares of the bank’s stock valued at $2,152,000 after acquiring an additional 1,332 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of German American Bancorp. during the second quarter worth approximately $591,000. Summit Global Investments acquired a new stake in shares of German American Bancorp. during the second quarter worth approximately $708,000. Nuveen Asset Management LLC purchased a new position in German American Bancorp. during the second quarter valued at approximately $2,603,000. Finally, Victory Capital Management Inc. grew its position in German American Bancorp. by 24.2% during the second quarter. Victory Capital Management Inc. now owns 74,900 shares of the bank’s stock valued at $2,256,000 after purchasing an additional 14,607 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

German American Bancorp. Company Profile

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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Earnings History and Estimates for German American Bancorp. (NASDAQ:GABC)

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