Brokerages Anticipate German American Bancorp., Inc. (NASDAQ:GABC) Will Post Earnings of $0.59 Per Share
Brokerages expect German American Bancorp., Inc. (NASDAQ:GABC) to report earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for German American Bancorp.’s earnings. German American Bancorp. posted earnings per share of $0.55 during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The company is scheduled to report its next earnings report on Monday, November 4th.
On average, analysts expect that German American Bancorp. will report full-year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.41 to $2.42. For the next fiscal year, analysts expect that the company will report earnings of $2.47 per share, with EPS estimates ranging from $2.46 to $2.47. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last released its quarterly earnings data on Monday, July 29th. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. German American Bancorp. had a net margin of 27.51% and a return on equity of 12.41%. The business had revenue of $44.15 million during the quarter, compared to analyst estimates of $44.10 million.
Shares of NASDAQ:GABC traded up $0.65 during trading on Friday, hitting $32.36. 20,633 shares of the company were exchanged, compared to its average volume of 62,283. The company has a market cap of $862.75 million, a PE ratio of 15.12 and a beta of 0.88. The stock has a 50 day moving average of $30.65 and a 200 day moving average of $29.88. German American Bancorp. has a 52-week low of $26.20 and a 52-week high of $37.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.90 and a quick ratio of 0.90.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Saturday, August 10th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Thursday, August 8th. German American Bancorp.’s payout ratio is 31.78%.
In other news, Director Chris A. Ramsey acquired 2,059 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $31.00 per share, for a total transaction of $63,829.00. Following the completion of the transaction, the director now owns 20,271 shares of the company’s stock, valued at $628,401. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 3,160 shares of company stock valued at $96,774 over the last 90 days. 7.91% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in German American Bancorp. by 131.3% in the 4th quarter. Bank of America Corp DE now owns 22,415 shares of the bank’s stock worth $623,000 after purchasing an additional 12,724 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of German American Bancorp. by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 924,126 shares of the bank’s stock worth $25,663,000 after purchasing an additional 20,077 shares during the period. Virginia Retirement Systems ET AL increased its holdings in shares of German American Bancorp. by 20.8% in the first quarter. Virginia Retirement Systems ET AL now owns 14,500 shares of the bank’s stock worth $426,000 after purchasing an additional 2,500 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of German American Bancorp. by 675.6% in 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 in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of German American Bancorp. in the first quarter worth $27,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.
German American Bancorp. Company Profile
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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