Wall Street analysts expect German American Bancorp., Inc. (NASDAQ:GABC) to post earnings per share of $0.58 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for German American Bancorp.’s earnings. German American Bancorp. posted earnings of $0.53 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The company is scheduled to announce its next earnings report on Monday, January 27th.
According to Zacks, analysts expect that German American Bancorp. will report full year earnings of $2.33 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.35 per share, with EPS estimates ranging from $2.28 to $2.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last announced its earnings results on Monday, October 28th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). The company had revenue of $50.63 million for the quarter, compared to analysts’ expectations of $47.20 million. German American Bancorp. had a net margin of 25.57% and a return on equity of 11.68%.
A number of hedge funds have recently bought and sold shares of GABC. Wedge Capital Management L L P NC boosted its position in German American Bancorp. by 115.0% in the second quarter. Wedge Capital Management L L P NC now owns 186,893 shares of the bank’s stock worth $5,629,000 after purchasing an additional 99,983 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in German American Bancorp. in the second quarter worth $2,603,000. Vanguard Group Inc. boosted its position in German American Bancorp. by 8.4% in the second quarter. Vanguard Group Inc. now owns 1,059,305 shares of the bank’s stock worth $31,907,000 after purchasing an additional 81,740 shares during the last quarter. BlackRock Inc. boosted its position in German American Bancorp. by 3.9% in the second quarter. BlackRock Inc. now owns 1,659,282 shares of the bank’s stock worth $49,977,000 after purchasing an additional 62,219 shares during the last quarter. Finally, Donaldson Capital Management LLC purchased a new position in German American Bancorp. in the third quarter worth $1,507,000. 41.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:GABC traded up $0.11 during mid-day trading on Friday, hitting $33.87. 1,378 shares of the company traded hands, compared to its average volume of 58,738. The stock has a market cap of $898.18 million, a P/E ratio of 15.83 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. German American Bancorp. has a 12-month low of $26.20 and a 12-month high of $34.50. The stock has a 50-day moving average price of $33.48 and a two-hundred day moving average price of $31.20.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th were given a $0.17 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.68 annualized dividend and a yield of 2.01%. German American Bancorp.’s dividend payout ratio is currently 31.78%.
About German American Bancorp.
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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