Zacks: Brokerages Expect German American Bancorp., Inc. (NASDAQ:GABC) to Post $0.58 Earnings Per Share
Brokerages expect that German American Bancorp., Inc. (NASDAQ:GABC) will report earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for German American Bancorp.’s earnings. German American Bancorp. posted earnings of $0.53 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 27th.
On average, analysts expect that German American Bancorp. will report full year earnings of $2.33 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $2.35 per share, with EPS estimates ranging from $2.28 to $2.41. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow German American Bancorp..
German American Bancorp. (NASDAQ:GABC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). German American Bancorp. had a net margin of 25.57% and a return on equity of 11.68%. The business had revenue of $50.63 million during the quarter, compared to analyst estimates of $47.20 million.
NASDAQ GABC traded up $0.11 on Friday, reaching $33.87. The company’s stock had a trading volume of 1,378 shares, compared to its average volume of 58,738. German American Bancorp. has a twelve month low of $26.20 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $898.18 million, a PE ratio of 15.83 and a beta of 0.86. The firm’s 50 day moving average is $33.48 and its two-hundred day moving average is $31.20.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Sunday, November 10th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, November 7th. German American Bancorp.’s dividend payout ratio is presently 31.78%.
Hedge funds have recently bought and sold shares of the business. Wedge Capital Management L L P NC increased its holdings in shares of German American Bancorp. by 115.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 186,893 shares of the bank’s stock valued at $5,629,000 after purchasing an additional 99,983 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of German American Bancorp. in the 2nd quarter valued at about $2,603,000. Vanguard Group Inc. increased its holdings in shares of German American Bancorp. by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,059,305 shares of the bank’s stock valued at $31,907,000 after purchasing an additional 81,740 shares during the period. BlackRock Inc. increased its holdings in shares of German American Bancorp. by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,659,282 shares of the bank’s stock valued at $49,977,000 after purchasing an additional 62,219 shares during the period. Finally, Donaldson Capital Management LLC acquired a new position in shares of German American Bancorp. in the 3rd quarter valued at about $1,507,000. 41.51% of the stock is owned by institutional investors.
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.
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