German American Bancorp (GABC) Earning Somewhat Favorable News Coverage, Report Shows
News articles about German American Bancorp (NASDAQ:GABC) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. German American Bancorp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.7274413879931 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of analysts have recently commented on the company. Zacks Investment Research lowered German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub lowered German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Hilliard Lyons raised German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 price target on the stock in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.00.
German American Bancorp (NASDAQ:GABC) opened at 32.50 on Thursday. The company has a market capitalization of $745.19 million, a P/E ratio of 18.78 and a beta of 1.16. German American Bancorp has a 12 month low of $23.57 and a 12 month high of $36.31. The stock’s 50 day moving average price is $33.75 and its 200-day moving average price is $32.43.
German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. The company had revenue of $32.61 million for the quarter, compared to analysts’ expectations of $33.20 million. On average, equities research analysts predict that German American Bancorp will post $1.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, August 20th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.52 annualized dividend and a yield of 1.60%. German American Bancorp’s payout ratio is currently 32.57%.
In related news, Director Chris A. Ramsey acquired 1,587 shares of German American Bancorp stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $31.55 per share, with a total value of $50,069.85. Following the completion of the purchase, the director now directly owns 16,140 shares of the company’s stock, valued at approximately $509,217. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 2,408 shares of company stock worth $78,036 over the last three months. 8.51% of the stock is currently owned by insiders.
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About German American Bancorp
German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.
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