Equities analysts expect German American Bancorp., Inc. (NASDAQ:GABC) to post $35.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for German American Bancorp.’s earnings, with the highest sales estimate coming in at $35.50 million and the lowest estimate coming in at $34.90 million. German American Bancorp. posted sales of $32.61 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The business is expected to report its next quarterly earnings results on Monday, July 30th.
According to Zacks, analysts expect that German American Bancorp. will report full-year sales of $148.70 million for the current year, with estimates ranging from $148.50 million to $148.90 million. For the next fiscal year, analysts forecast that the company will report sales of $176.35 million per share, with estimates ranging from $175.40 million to $177.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last posted its quarterly earnings data on Monday, April 30th. The bank reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). German American Bancorp. had a net margin of 29.35% and a return on equity of 10.84%. The business had revenue of $35.10 million during the quarter, compared to analyst estimates of $34.10 million.
A number of analysts have recently issued reports on GABC shares. Zacks Investment Research upgraded shares of German American Bancorp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, March 16th. BidaskClub upgraded shares of German American Bancorp. from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Sandler O’Neill set a $36.00 price objective on shares of German American Bancorp. and gave the company a “hold” rating in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. German American Bancorp. presently has a consensus rating of “Hold” and a consensus price target of $36.50.
Shares of German American Bancorp. traded up $0.13, reaching $37.26, during midday trading on Monday, according to MarketBeat.com. The company’s stock had a trading volume of 61,320 shares, compared to its average volume of 42,725. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.75. German American Bancorp. has a fifty-two week low of $30.62 and a fifty-two week high of $39.02. The company has a market capitalization of $845.43 million, a PE ratio of 22.29 and a beta of 1.07.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, May 20th. Stockholders of record on Thursday, May 10th were issued a $0.15 dividend. The ex-dividend date was Wednesday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. German American Bancorp.’s dividend payout ratio (DPR) is presently 35.93%.
In other German American Bancorp. news, Director Chris A. Ramsey acquired 2,228 shares of the stock in a transaction dated Tuesday, May 29th. The shares were bought at an average cost of $35.80 per share, for a total transaction of $79,762.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 2,428 shares of company stock worth $86,758 over the last quarter. 8.51% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. acquired a new position in German American Bancorp. during the fourth quarter worth $139,000. Signature Financial Management Inc. acquired a new position in German American Bancorp. during the first quarter worth $252,000. Teacher Retirement System of Texas acquired a new position in German American Bancorp. during the fourth quarter worth $262,000. United Capital Financial Advisers LLC acquired a new position in German American Bancorp. during the first quarter worth $345,000. Finally, SG Americas Securities LLC acquired a new position in German American Bancorp. during the first quarter worth $354,000. Institutional investors and hedge funds own 36.19% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for German American Bancorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp. and related companies with MarketBeat.com's FREE daily email newsletter.