German American Bancorp, Inc. (GABC) To Go Ex-Dividend on May 8th

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Sunday, May 10th will be paid a dividend of 0.31 per share by the bank on Wednesday, May 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th.

German American Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. German American Bancorp has a payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect German American Bancorp to earn $3.93 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 31.6%.

German American Bancorp Stock Performance

Shares of GABC opened at $43.48 on Wednesday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 12.04 and a beta of 0.60. German American Bancorp has a 12 month low of $36.55 and a 12 month high of $45.00. The firm has a fifty day simple moving average of $42.11 and a 200 day simple moving average of $41.01. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.02). German American Bancorp had a net margin of 27.09% and a return on equity of 12.13%. The business had revenue of $96.08 million during the quarter, compared to analyst estimates of $95.84 million. Research analysts forecast that German American Bancorp will post 3.72 EPS for the current fiscal year.

Hedge Funds Weigh In On German American Bancorp

Several large investors have recently modified their holdings of GABC. State of Alaska Department of Revenue bought a new stake in shares of German American Bancorp during the 3rd quarter worth about $58,000. Quadrant Capital Group LLC bought a new position in German American Bancorp in the 3rd quarter valued at about $72,000. MAI Capital Management lifted its position in German American Bancorp by 2,605.9% during the third quarter. MAI Capital Management now owns 2,300 shares of the bank’s stock worth $90,000 after acquiring an additional 2,215 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in German American Bancorp by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after acquiring an additional 2,132 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of German American Bancorp during the fourth quarter worth approximately $130,000. 46.90% of the stock is owned by institutional investors.

About German American Bancorp

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.