German American Bancorp (NASDAQ:GABC) Announces Earnings Results, Beats Estimates By $0.10 EPS

German American Bancorp (NASDAQ:GABC) issued its quarterly earnings data on Monday. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10, Zacks reports. The business had revenue of $101.34 million during the quarter, compared to analyst estimates of $99.22 million. German American Bancorp had a net margin of 27.09% and a return on equity of 11.98%.

German American Bancorp Stock Up 0.8%

German American Bancorp stock opened at $48.83 on Tuesday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 13.53 and a beta of 0.59. The stock has a fifty day simple moving average of $45.87 and a two-hundred day simple moving average of $43.43. German American Bancorp has a 12 month low of $36.56 and a 12 month high of $49.39. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14.

German American Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, August 10th. German American Bancorp’s dividend payout ratio (DPR) is currently 34.35%.

Institutional Investors Weigh In On German American Bancorp

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in German American Bancorp by 161.6% in the 1st quarter. AQR Capital Management LLC now owns 50,971 shares of the bank’s stock worth $1,911,000 after buying an additional 31,486 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of German American Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,932 shares of the bank’s stock valued at $635,000 after purchasing an additional 711 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of German American Bancorp by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,370 shares of the bank’s stock valued at $2,076,000 after purchasing an additional 4,907 shares during the last quarter. New York State Common Retirement Fund lifted its position in German American Bancorp by 26.0% during the second quarter. New York State Common Retirement Fund now owns 12,587 shares of the bank’s stock valued at $485,000 after purchasing an additional 2,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in German American Bancorp by 6.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,630 shares of the bank’s stock worth $910,000 after purchasing an additional 1,442 shares during the last quarter. 46.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GABC shares. Weiss Ratings raised German American Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods lifted their price target on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Stephens upped their price target on German American Bancorp from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, Raymond James Financial began coverage on German American Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, German American Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

German American Bancorp Company Profile

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.