Zacks: Analysts Expect German American Bancorp., Inc. (NASDAQ:GABC) to Post $0.59 Earnings Per Share
Wall Street brokerages forecast that German American Bancorp., Inc. (NASDAQ:GABC) will post earnings of $0.59 per share for the current quarter, Zacks reports. Two analysts have made estimates for German American Bancorp.’s earnings. German American Bancorp. reported earnings of $0.55 per share in the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 4th.
According to Zacks, 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 year, analysts forecast that the firm will report earnings of $2.47 per share, with EPS estimates ranging from $2.46 to $2.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last announced its quarterly earnings data on Monday, July 29th. The bank reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $44.15 million during the quarter, compared to the consensus estimate of $44.10 million. German American Bancorp. had a net margin of 27.51% and a return on equity of 12.41%.
In other German American Bancorp. news, Director Chris A. Ramsey purchased 2,059 shares of German American Bancorp. stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $31.00 per share, with a total value of $63,829.00. Following the transaction, the director now owns 20,271 shares in the company, valued at approximately $628,401. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 3,160 shares of company stock valued at $96,774. 7.91% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GABC. Bank of America Corp DE grew its position 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 valued at $623,000 after purchasing an additional 12,724 shares during the period. Dimensional Fund Advisors LP grew its position in German American Bancorp. by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 924,126 shares of the bank’s stock valued at $25,663,000 after purchasing an additional 20,077 shares during the period. Virginia Retirement Systems ET AL grew its position in German American Bancorp. by 20.8% in the 1st quarter. Virginia Retirement Systems ET AL now owns 14,500 shares of the bank’s stock valued at $426,000 after purchasing an additional 2,500 shares during the period. BNP Paribas Arbitrage SA grew its position in German American Bancorp. by 675.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,778 shares of the bank’s stock valued at $140,000 after purchasing an additional 4,162 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in German American Bancorp. in the 1st quarter valued at $27,000. 38.51% of the stock is owned by institutional investors and hedge funds.
Shares of GABC stock traded up $0.59 during trading hours on Friday, hitting $33.03. 53,059 shares of the company were exchanged, compared to its average volume of 62,511. The firm has a market cap of $880.61 million, a P/E ratio of 15.43 and a beta of 0.88. German American Bancorp. has a fifty-two week low of $26.20 and a fifty-two week high of $37.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day simple moving average of $30.70 and a two-hundred day simple moving average of $29.89.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Saturday, August 10th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, August 8th. German American Bancorp.’s payout ratio is currently 31.78%.
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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