German American Bancorp. (NASDAQ:GABC) Issues Earnings Results

German American Bancorp. (NASDAQ:GABC) posted its quarterly earnings results on Monday, January 29th. The bank reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01), Yahoo Finance reports. The business had revenue of $33.05 million during the quarter, compared to analyst estimates of $33.76 million. German American Bancorp. had a net margin of 28.47% and a return on equity of 10.90%.

German American Bancorp. (NASDAQ:GABC) opened at $34.32 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. German American Bancorp. has a twelve month low of $28.71 and a twelve month high of $39.02. The stock has a market capitalization of $768.30, a PE ratio of 20.93 and a beta of 1.06.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Saturday, February 10th will be issued a dividend of $0.15 per share. This is a positive change from German American Bancorp.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. German American Bancorp.’s dividend payout ratio (DPR) is presently 36.59%.

In related news, Director Chris A. Ramsey purchased 3,977 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average price of $36.00 per share, with a total value of $143,172.00. Following the completion of the acquisition, the director now directly owns 16,969 shares in the company, valued at approximately $610,884. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Chris A. Ramsey purchased 9,884 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were bought at an average cost of $35.75 per share, for a total transaction of $353,353.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 19,808 shares of company stock worth $708,169. Corporate insiders own 8.51% of the company’s stock.

Several brokerages have issued reports on GABC. BidaskClub lowered German American Bancorp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Sandler O’Neill set a $37.00 price objective on German American Bancorp. and gave the stock a “hold” rating in a report on Tuesday, January 30th. Zacks Investment Research raised German American Bancorp. from a “sell” rating to a “hold” rating in a report on Monday, January 1st. Finally, Hovde Group reaffirmed a “hold” rating on shares of German American Bancorp. in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $38.75.

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German American Bancorp. Company Profile

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.

Earnings History for German American Bancorp. (NASDAQ:GABC)

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