$53.70 million in expected sales for German American Bancorp, Inc. (NASDAQ:GABC) this quarter

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Equity research analysts expect German American Bancorp, Inc. (NASDAQ:GABC) to report sales of $53.70 million for the current quarter, reports Zacks Investment Research. Three analysts provided earnings estimates for German American Bancorp, with the highest sales estimate of $54.00 million and the lowest estimate of $53.40 million. German American Bancorp reported sales of $56.83 million in the same quarter last year, which would indicate a negative 5.5% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 24.

On average, analysts expect German American Bancorp to report annual sales of $219.00 million for the current fiscal year, with estimates ranging from $215.40 million to $223.00 million . For the next fiscal year, analysts expect the company to post sales of $247.17 million, with estimates ranging from $239.60 million to $252.90 million. Zacks Investment Research‘s sales calculations are an average average based on a survey of research analysts who cover German American Bancorp.

German American Bancorp Inc (NASDAQ:GABC) last released its results on Sunday, October 24. The bank reported earnings per share (EPS) of $0.81 for the quarter, beating the Zacks consensus estimate of $0.71 by $0.10. The company posted revenue of $56.84 million in the quarter, compared to analyst estimates of $53.50 million. German American Bancorp achieved a return on equity of 13.50% and a net margin of 37.01%.

Separately, Zacks Investment Research upgraded German American Bancorp from a “sell” rating to a “hold” rating in a Monday, January 3, research note.

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The NASDAQ GABC opened at $38.98 on Friday. The stock has a 50-day simple moving average of $40.31 and a 200-day simple moving average of $38.77. The company has a market capitalization of $1.03 billion, a P/E ratio of 12.03 and a beta of 0.69. German American Bancorp has a fifty-two week low of $32.69 and a fifty-two week high of $51.11. The company has a debt ratio of 0.29, a quick ratio of 0.75 and a current ratio of 0.75.

The company also recently announced a quarterly dividend, which was paid on Saturday, November 20. Shareholders of record on Wednesday, November 10 received a dividend of $0.21 per share. This represents an annualized dividend of $0.84 and a dividend yield of 2.15%. The ex-dividend date was Tuesday, November 9. German American Bancorp’s dividend payout ratio is currently 25.93%.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in German American Bancorp in the fourth quarter, valued at approximately $509,000. Valeo Financial Advisors LLC increased its stake in shares of German American Bancorp by 5.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 25,444 shares of the bank worth $992,000 after buying 1,245 additional shares last quarter. Bank of New York Mellon Corp increased its stake in shares of German American Bancorp by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 174,583 shares of the bank worth $6,744,000 after buying an additional 4,496 shares last quarter. Deprince Race & Zollo Inc. acquired a new stock position in German American Bancorp during the third quarter worth $659,000. Finally, BNP Paribas Arbitrage SA increased its stake in German American Bancorp shares by 96.5% during the third quarter. BNP Paribas Arbitrage SA now owns 6,894 shares in the bank worth $266,000 after buying an additional 3,385 shares last quarter. Hedge funds and other institutional investors own 42.89% of the company’s shares.

German American Bancorp Company Profile

German American Bancorp, Inc is a holding company that has trust, brokerage and financial planning through German American Financial Advisors & Trust Co and German American Insurance, Inc. It operates in the following business segments: Core Banking, Wealth Management Services, Insurance Operations and others.

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Earnings history and estimates for German American Bancorp (NASDAQ:GABC)

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