German American Bancorp (GABC) to Release Quarterly Earnings on Monday

German American Bancorp (NASDAQ:GABC) will issue its quarterly earnings data on Monday, April 22nd.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. German American Bancorp had a return on equity of 14.26% and a net margin of 27.10%. The company had revenue of $61.20 million during the quarter, compared to analysts’ expectations of $61.25 million. On average, analysts expect German American Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

German American Bancorp Stock Up 4.0 %

GABC opened at $33.16 on Friday. German American Bancorp has a 1-year low of $24.85 and a 1-year high of $34.96. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $981.04 million, a price-to-earnings ratio of 11.36 and a beta of 0.62. The business has a 50 day moving average of $32.65 and a 200-day moving average of $31.08.

German American Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Saturday, February 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.26%. This is a boost from German American Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 8th. German American Bancorp’s dividend payout ratio is currently 36.99%.

Analyst Ratings Changes

GABC has been the subject of several research reports. Raymond James increased their price objective on German American Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Piper Sandler raised their target price on German American Bancorp from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st.

Insiders Place Their Bets

In related news, Director Diane B. Medley acquired 1,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $33.64 per share, for a total transaction of $33,640.00. Following the completion of the purchase, the director now directly owns 3,660 shares of the company’s stock, valued at approximately $123,122.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 1,107 shares of company stock worth $37,113 over the last three months. 6.16% of the stock is currently owned by corporate insiders.

Institutional Trading of German American Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in German American Bancorp by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 1,689,061 shares of the bank’s stock valued at $54,742,000 after acquiring an additional 50,895 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in German American Bancorp by 3.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,693 shares of the bank’s stock valued at $898,000 after acquiring an additional 811 shares during the last quarter. GSA Capital Partners LLP bought a new position in German American Bancorp in the fourth quarter valued at about $764,000. Legal & General Group Plc boosted its holdings in German American Bancorp by 1.1% in the fourth quarter. Legal & General Group Plc now owns 29,439 shares of the bank’s stock valued at $954,000 after acquiring an additional 331 shares during the last quarter. Finally, Barclays PLC boosted its holdings in German American Bancorp by 323.8% in the fourth quarter. Barclays PLC now owns 44,595 shares of the bank’s stock valued at $1,445,000 after acquiring an additional 34,072 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts 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.