Wall Street brokerages expect German American Bancorp, Inc. (NASDAQ:GABC – Get Rating) to report earnings per share (EPS) of $0.72 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for German American Bancorp’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.75. German American Bancorp posted earnings of $0.90 per share in the same quarter last year, which suggests a negative year over year growth rate of 20%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that German American Bancorp will report full-year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.13. For the next financial year, analysts forecast that the firm will post earnings of $3.17 per share, with EPS estimates ranging from $3.03 to $3.40. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow German American Bancorp.
German American Bancorp (NASDAQ:GABC – Get Rating) last announced its quarterly earnings data on Monday, April 25th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.15. German American Bancorp had a return on equity of 13.30% and a net margin of 30.85%.
In related news, Director Thomas W. Seger purchased 8,000 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of $36.93 per share, with a total value of $295,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 8,204 shares of company stock valued at $303,339 over the last three months. 6.70% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. CWM LLC acquired a new position in German American Bancorp during the 4th quarter worth about $26,000. Comprehensive Financial Consultants Institutional Inc. purchased a new position in German American Bancorp during the 4th quarter worth approximately $36,000. Independence Bank of Kentucky grew its stake in German American Bancorp by 83.3% during the 1st quarter. Independence Bank of Kentucky now owns 2,200 shares of the bank’s stock worth $84,000 after buying an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of German American Bancorp in the 4th quarter valued at approximately $122,000. Finally, Citigroup Inc. grew its stake in shares of German American Bancorp by 93.4% in the 3rd quarter. Citigroup Inc. now owns 3,232 shares of the bank’s stock valued at $125,000 after purchasing an additional 1,561 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.
GABC stock opened at $35.40 on Wednesday. The business has a 50 day simple moving average of $38.37. German American Bancorp has a 1-year low of $34.30 and a 1-year high of $43.98. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.04 billion, a P/E ratio of 12.87 and a beta of 0.66.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Tuesday, May 10th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Monday, May 9th. German American Bancorp’s dividend payout ratio (DPR) is 33.45%.
German American Bancorp Company Profile (Get Rating)
German American Bancorp, Inc operates as a bank holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts 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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