German American Bancorp, Inc. (GABC) to Issue Quarterly Dividend of $0.31 on August 20th

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.31 per share by the bank on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, August 10th.

German American Bancorp has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. German American Bancorp has a payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect German American Bancorp to earn $3.94 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 31.5%.

German American Bancorp Price Performance

Shares of GABC opened at $51.02 on Wednesday. The firm has a market cap of $1.92 billion, a PE ratio of 13.46 and a beta of 0.59. German American Bancorp has a 52-week low of $36.56 and a 52-week high of $51.17. The business’s 50 day moving average price is $46.04 and its two-hundred day moving average price is $43.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, July 27th. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The company had revenue of $101.34 million during the quarter, compared to the consensus estimate of $99.22 million. German American Bancorp had a net margin of 28.25% and a return on equity of 12.30%. On average, equities analysts anticipate that German American Bancorp will post 3.73 EPS for the current year.

Analyst Ratings Changes

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