Brokerages forecast that German American Bancorp, Inc. (NASDAQ:GABC – Get Rating) will report sales of $62.60 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for German American Bancorp’s earnings. The lowest sales estimate is $59.90 million and the highest is $64.90 million. German American Bancorp posted sales of $53.78 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that German American Bancorp will report full year sales of $254.23 million for the current fiscal year, with estimates ranging from $243.20 million to $263.50 million. For the next fiscal year, analysts forecast that the business will post sales of $248.80 million, with estimates ranging from $200.80 million to $283.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts 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 for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. German American Bancorp had a return on equity of 13.30% and a net margin of 30.85%.
Shares of GABC opened at $35.21 on Friday. German American Bancorp has a twelve month low of $34.30 and a twelve month high of $43.79. The stock’s 50 day moving average is $38.21 and its two-hundred day moving average is $39.45. The firm has a market capitalization of $1.04 billion, a PE ratio of 12.80 and a beta of 0.66. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.23.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Tuesday, May 10th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, May 9th. German American Bancorp’s dividend payout ratio (DPR) is 33.45%.
In other news, Director Thomas W. Seger purchased 8,000 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average price of $36.93 per share, with a total value of $295,440.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 8,204 shares of company stock worth $303,339 in the last three months. Corporate insiders own 6.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. CWM LLC purchased a new stake in German American Bancorp in the 4th quarter valued at approximately $26,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in German American Bancorp in the 4th quarter valued at approximately $36,000. Independence Bank of Kentucky lifted its stake in German American Bancorp by 83.3% in the 1st quarter. Independence Bank of Kentucky now owns 2,200 shares of the bank’s stock valued at $84,000 after buying an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in German American Bancorp in the 4th quarter valued at approximately $122,000. Finally, Citigroup Inc. raised its holdings in 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 acquiring an additional 1,561 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.
About German American Bancorp (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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