Equity research analysts predict that German American Bancorp, Inc. (NASDAQ: GABC) will post $ 53.10 million in sales for the current quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for German American Bancorp. The lowest sales estimate is $ 51.60 million and the highest is $ 54.00 million. German American Bancorp reported sales of $ 56.83 million in the same quarter last year, indicating a negative growth rate of 6.6% year-on-year. The company is expected to release its next earnings report on Monday, January 24.
Zacks says analysts expect German American Bancorp to report annual revenue of $ 217.10 million for the current fiscal year, with estimates ranging from $ 212.90 million to $ 223.00 millions of dollars. For the next year, analysts predict the company will post sales of $ 244.30 million, with estimates ranging from $ 239.60 million to $ 249.00 million. Zacks Investment Research sales averages are an average based on a survey of sales-side research analysts who cover German American Bancorp.
German American Bancorp (NASDAQ: GABC) last released its quarterly results on Sunday, October 24. The bank reported earnings per share of $ 0.81 for the quarter, beating analysts’ consensus estimates of $ 0.71 by $ 0.10. The company posted revenue of $ 56.84 million for the quarter, compared to analysts’ estimates of $ 53.50 million. German American Bancorp had a net margin of 37.01% and a return on equity of 13.50%.
Meanwhile, Zacks Investment Research downgraded German American Bancorp shares from a “hold” rating to a “sell” rating in a research report released on Tuesday, December 28.
GABC shares opened at $ 38.98 on Monday. The company has a market cap of $ 1.03 billion, a price-to-earnings ratio of 12.03 and a beta of 0.70. The company has a current ratio of 0.75, a quick ratio of 0.75, and a debt ratio of 0.29. German American Bancorp has a 52 week low at $ 32.21 and a 52 week high at $ 51.11. The stock has a 50-day moving average of $ 40.30.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 20. Shareholders of record on Wednesday, November 10 received a dividend of $ 0.21. This represents an annualized dividend of $ 0.84 and a return of 2.15%. The ex-dividend date of this dividend was Tuesday, November 9. German American Bancorp’s dividend payout ratio is 25.93%.
Several hedge funds and other institutional investors have recently bought and sold shares in the company. Bank of New York Mellon Corp increased its position in shares of German American Bancorp by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 174,583 shares of the bank valued at $ 6,744,000 after purchasing an additional 4,496 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in German American Bancorp shares in the third quarter valued at approximately $ 659,000. BNP Paribas Arbitrage SA increased its position in German American Bancorp shares by 96.5% in the third quarter. BNP Paribas Arbitrage SA now owns 6,894 shares of the bank valued at $ 266,000 after purchasing an additional 3,385 shares during the period. Two Sigma Advisers LP increased its position in shares of German American Bancorp by 126.6% in the third quarter. Two Sigma Advisers LP now owns 32,400 shares of the bank valued at $ 1,252,000 after purchasing an additional 18,100 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of German American Bancorp by 31.1% in the third quarter. Two Sigma Investments LP now owns 24,950 shares of the bank valued at $ 964,000 after purchasing an additional 5,914 shares during the period. 43.12% of the shares are currently held by 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 business segments of following activities: Core Banking, Wealth Management Services, insurance operations and others.
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