German American Bancorp., Inc. (NASDAQ:GABC) Expected to Post Quarterly Sales of $47.55 Million

Analysts expect German American Bancorp., Inc. (NASDAQ:GABC) to post sales of $47.55 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for German American Bancorp.’s earnings, with the highest sales estimate coming in at $47.60 million and the lowest estimate coming in at $47.50 million. German American Bancorp. posted sales of $37.51 million during the same quarter last year, which suggests a positive year over year growth rate of 26.8%. The company is expected to announce its next earnings results on Monday, November 4th.

On average, analysts expect that German American Bancorp. will report full-year sales of $186.15 million for the current year, with estimates ranging from $185.30 million to $187.00 million. For the next fiscal year, analysts expect that the firm will post sales of $202.45 million, with estimates ranging from $201.30 million to $203.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow German American Bancorp..

GABC has been the topic of a number of recent analyst reports. BidaskClub raised shares of German American Bancorp. from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Hovde Group downgraded shares of German American Bancorp. from an “outperform” rating to a “market perform” rating and set a $34.00 price target on the stock. in a report on Monday, August 5th. Finally, Zacks Investment Research raised shares of German American Bancorp. from a “sell” rating to a “hold” rating in a report on Monday, August 5th.

In other German American Bancorp. news, Director Chris A. Ramsey purchased 2,059 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $31.00 per share, with a total value of $63,829.00. Following the completion of the purchase, the director now owns 20,271 shares in the company, valued at approximately $628,401. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders bought 3,160 shares of company stock worth $96,774. Insiders own 7.91% of the company’s stock.

Several large investors have recently bought and sold shares of GABC. Quantamental Technologies LLC acquired a new stake in German American Bancorp. during the first quarter worth about $27,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of German American Bancorp. by 42.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,721 shares of the bank’s stock valued at $52,000 after acquiring an additional 517 shares during the last quarter. Captrust Financial Advisors increased its position in shares of German American Bancorp. by 41.2% during the second quarter. Captrust Financial Advisors now owns 1,976 shares of the bank’s stock valued at $60,000 after acquiring an additional 577 shares during the last quarter. Bank of Montreal Can increased its position in shares of German American Bancorp. by 367.3% during the second quarter. Bank of Montreal Can now owns 2,486 shares of the bank’s stock valued at $75,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of German American Bancorp. by 11.3% during the fourth quarter. Legal & General Group Plc now owns 3,884 shares of the bank’s stock valued at $108,000 after acquiring an additional 394 shares during the last quarter. 37.34% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ GABC traded up $0.21 during mid-day trading on Friday, reaching $30.93. 53,100 shares of the stock were exchanged, compared to its average volume of 61,476. The business’s 50 day moving average is $30.33 and its 200-day moving average is $29.89. German American Bancorp. has a 1 year low of $26.20 and a 1 year high of $37.99. The company has a market capitalization of $821.42 million, a P/E ratio of 14.45 and a beta of 0.88. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Saturday, August 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, August 8th. German American Bancorp.’s payout ratio is 31.78%.

About German American Bancorp.

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.

Featured Story: Trade War

Get a free copy of the Zacks research report on German American Bancorp. (GABC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for German American Bancorp. (NASDAQ:GABC)

Receive News & Ratings for German American Bancorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp. and related companies with MarketBeat.com's FREE daily email newsletter.