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.
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.
Feature article: What is an overbought condition?
Get a Free Copy of Zacks Research Report on German American Bancorp (GABC)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in German American Bancorp right now?
Before you consider German American Bancorp, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and German American Bancorp was not on the list.
While German American Bancorp currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here