Equities research analysts expect German American Bancorp., Inc. (NASDAQ:GABC) to announce earnings of $0.57 per share for the current quarter, according to Zacks. Two analysts have provided estimates for German American Bancorp.’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.57. German American Bancorp. reported earnings of $0.48 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18.8%. The business is expected to issue its next quarterly earnings results on Monday, July 29th.
On average, analysts expect that German American Bancorp. will report full-year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.35 to $2.39. For the next year, analysts expect that the company will post earnings of $2.49 per share, with EPS estimates ranging from $2.47 to $2.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings data on Monday, April 29th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The company had revenue of $45.25 million for the quarter, compared to analyst estimates of $43.55 million. German American Bancorp. had a net margin of 26.91% and a return on equity of 12.37%.
In other news, Director Thomas W. Seger bought 3,865 shares of the stock in a transaction on Thursday, March 21st. The stock was bought at an average cost of $28.90 per share, for a total transaction of $111,698.50. Following the completion of the purchase, the director now directly owns 2,710 shares in the company, valued at $78,319. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 4,853 shares of company stock valued at $140,094. 7.91% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in GABC. Quantamental Technologies LLC acquired a new stake in shares of German American Bancorp. during the first quarter worth $27,000. Acadian Asset Management LLC acquired a new stake in shares of German American Bancorp. during the first quarter worth $52,000. Legal & General Group Plc lifted its stake in shares of German American Bancorp. by 11.3% during the fourth quarter. Legal & General Group Plc now owns 3,884 shares of the bank’s stock worth $108,000 after buying an additional 394 shares during the period. Field & Main Bank acquired a new stake in shares of German American Bancorp. during the first quarter worth $115,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of German American Bancorp. by 675.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,778 shares of the bank’s stock worth $140,000 after buying an additional 4,162 shares during the period. Institutional investors own 38.45% of the company’s stock.
Shares of GABC stock opened at $28.56 on Thursday. The company has a market cap of $708.53 million, a P/E ratio of 13.35 and a beta of 0.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.90. German American Bancorp. has a 52-week low of $26.20 and a 52-week high of $38.20.
The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were paid a $0.17 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.68 annualized dividend and a yield of 2.38%. German American Bancorp.’s dividend payout ratio (DPR) is 31.78%.
About German American Bancorp.
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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