Equities analysts forecast that German American Bancorp., Inc. (NASDAQ:GABC) will post sales of $47.20 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for German American Bancorp.’s earnings. The lowest sales estimate is $46.89 million and the highest is $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 25.8%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.
According to Zacks, analysts expect that German American Bancorp. will report full year sales of $184.69 million for the current fiscal year, with estimates ranging from $184.08 million to $185.30 million. For the next fiscal year, analysts expect that the firm will post sales of $200.61 million, with estimates ranging from $199.91 million to $201.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. The company had revenue of $44.15 million during the quarter, compared to the consensus estimate of $44.10 million. German American Bancorp. had a net margin of 27.51% and a return on equity of 12.41%.
In other news, Director Chris A. Ramsey purchased 2,059 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $31.00 per share, for a total transaction of $63,829.00. Following the completion of the purchase, the director now directly owns 20,271 shares of the company’s stock, valued at approximately $628,401. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have acquired 3,160 shares of company stock valued at $96,774. 7.91% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC grew its holdings in shares of German American Bancorp. by 115.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 186,893 shares of the bank’s stock worth $5,629,000 after purchasing an additional 99,983 shares during the period. Rhumbline Advisers lifted its position in German American Bancorp. by 4.7% during the first quarter. Rhumbline Advisers now owns 33,623 shares of the bank’s stock valued at $989,000 after buying an additional 1,520 shares in the last quarter. Comerica Bank lifted its position in German American Bancorp. by 132.6% during the second quarter. Comerica Bank now owns 51,635 shares of the bank’s stock valued at $1,502,000 after buying an additional 29,435 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in German American Bancorp. by 4.7% during the first quarter. The Manufacturers Life Insurance Company now owns 551,633 shares of the bank’s stock worth $16,218,000 after buying an additional 24,955 shares during the period. Finally, Bank of America Corp DE grew its stake in German American Bancorp. by 131.3% during the fourth quarter. Bank of America Corp DE now owns 22,415 shares of the bank’s stock worth $623,000 after buying an additional 12,724 shares during the period. Institutional investors own 38.51% of the company’s stock.
Shares of GABC traded up $0.65 during mid-day trading on Friday, hitting $32.36. The company had a trading volume of 20,633 shares, compared to its average volume of 62,283. German American Bancorp. has a 1-year low of $26.20 and a 1-year high of $37.53. The business’s 50-day simple moving average is $30.65 and its 200-day simple moving average is $29.88. The stock has a market cap of $862.75 million, a PE ratio of 15.12 and a beta of 0.88. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.61.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Saturday, August 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 8th. German American Bancorp.’s dividend payout ratio (DPR) is presently 31.78%.
German American Bancorp. Company Profile
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.
Further Reading: Why are trading ranges significant?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.