Wall Street brokerages expect German American Bancorp, Inc. (NASDAQ: GABC) to report earnings of $ 0.73 per share for the current quarter, according to Zacks. Three analysts provided earnings estimates for German American Bancorp, with the highest EPS estimate being $ 0.76 and the lowest estimate being $ 0.70. German American Bancorp reported earnings per share of $ 0.55 in the same quarter last year, suggesting a positive year-over-year growth rate of 32.7%. The company is expected to release its next results on Monday, October 25.
On average, analysts predict that German American Bancorp will report annual earnings of $ 3.10 per share for the current year, with EPS estimates ranging from $ 3.00 to $ 3.19. For next year, analysts expect the company to post earnings of $ 2.57 per share, with EPS estimates ranging from $ 2.55 to $ 2.58. Zacks Investment Research‘s earnings per share calculations are an average based on a survey of research companies that provide coverage for German American Bancorp.
German American Bancorp (NASDAQ: GABC) last released its quarterly results on Sunday, July 25. The bank reported earnings of $ 0.90 per share for the quarter, beating the Zacks’ consensus estimate of $ 0.63 by $ 0.27. German American Bancorp had a net margin of 34.59% and a return on equity of 12.64%. The company posted revenue of $ 53.78 million for the quarter, compared to the consensus estimate of $ 51.33 million.
German-US Bancorp action opened at $ 37.80 on Friday. The company has a leverage ratio of 0.32, a current ratio of 0.77, and a quick ratio of 0.77. The company has a market cap of $ 1.00 billion, a price-to-earnings ratio of 12.68 and a beta of 0.78. German American Bancorp has a one-year minimum of $ 26.33 and a one-year maximum of $ 51.11. The company’s fifty-day moving average price is $ 37.20 and its two hundred-day moving average price is $ 40.48.
The company also recently announced a quarterly dividend, which was paid on Friday, August 20. Shareholders of record on Tuesday, August 10, received a dividend of $ 0.21 per share. This represents an annualized dividend of $ 0.84 and a yield of 2.22%. The ex-dividend date was Monday August 9. German American Bancorp’s payout ratio is 35.90%.
Institutional investors recently bought and sold shares in the company. German American Bancorp Inc. increased its position in German American Bancorp by 40.3% during the first quarter. German American Bancorp Inc. now owns 114,185 shares of the bank valued at $ 5,278,000 after purchasing an additional 32,777 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of German American Bancorp by 0.9% in the first quarter. Champlain Investment Partners LLC now owns 1,248,010 shares of the bank valued at $ 57,683,000 after purchasing an additional 10,935 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of German American Bancorp in the first quarter valued at approximately $ 233,000. Franklin Resources Inc. increased its position in shares of German American Bancorp by 43.0% in the first quarter. Franklin Resources Inc. now owns 983,927 shares of the bank valued at $ 45,477,000 after purchasing an additional 295,985 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of German American Bancorp in the first quarter valued at approximately $ 272,000. 43.13% of the shares are currently held by hedge funds and other institutional investors.
About German American Bancorp
German American Bancorp, Inc is a holding company, which owns trust, brokerage and financial planning through German American Financial Advisors & Trust Co and German American Insurance, Inc. It operates in the segments of following activities: Core Banking, Wealth Management Services, insurance operations and others.
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