German American Bancorp (GABC) Set to Announce Quarterly Earnings on Monday

German American Bancorp (NASDAQ:GABC) will be announcing its earnings results on Monday, April 22nd.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.73 earnings per share (EPS) 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 business had revenue of $61.20 million for the quarter, compared to analyst estimates 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 Trading Up 4.0 %

Shares of GABC opened at $33.16 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. German American Bancorp has a 12-month low of $24.85 and a 12-month high of $34.96. The firm has a market capitalization of $981.04 million, a PE ratio of 11.36 and a beta of 0.62. The stock’s fifty day simple moving average is $32.65 and its 200-day simple moving average is $31.08.

German American Bancorp Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GABC. Raymond James increased their target price on German American Bancorp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Piper Sandler increased their target price on German American Bancorp from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st.

Insider Buying and Selling

In other news, Director Diane B. Medley acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $33.64 per share, for a total transaction of $33,640.00. Following the completion of the acquisition, the director now owns 3,660 shares in the company, valued at $123,122.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders bought 1,107 shares of company stock worth $37,113. 6.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GABC. Lazard Asset Management LLC acquired a new position in shares of German American Bancorp during the 2nd quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its holdings in shares of German American Bancorp by 185.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,266 shares of the bank’s stock worth $42,000 after acquiring an additional 822 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of German American Bancorp by 1,473.2% during the 2nd quarter. Captrust Financial Advisors now owns 2,234 shares of the bank’s stock worth $76,000 after acquiring an additional 2,092 shares during the last quarter. UBS Group AG increased its holdings in shares of German American Bancorp by 21.9% during the 3rd quarter. UBS Group AG now owns 4,393 shares of the bank’s stock worth $156,000 after acquiring an additional 790 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of German American Bancorp by 7.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,113 shares of the bank’s stock worth $191,000 after acquiring an additional 349 shares during the last quarter. Institutional investors and hedge funds own 46.90% of the company’s stock.

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.