German American Bancorp., Inc. (NASDAQ:GABC) Expected to Post Earnings of $0.58 Per Share

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Analysts predict that German American Bancorp., Inc. (NASDAQ:GABC) will announce earnings per share (EPS) of $0.58 for the current quarter, according to Zacks. Two analysts have made estimates for German American Bancorp.’s earnings. German American Bancorp. posted earnings per share of $0.53 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The company is scheduled to report its next quarterly earnings results on Monday, January 27th.

According to Zacks, analysts expect that German American Bancorp. will report full-year earnings of $2.33 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.28 to $2.41. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover German American Bancorp..

German American Bancorp. (NASDAQ:GABC) last issued its earnings results on Monday, October 28th. The bank reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). The company had revenue of $50.63 million during the quarter, compared to the consensus estimate of $47.20 million. German American Bancorp. had a return on equity of 11.68% and a net margin of 25.57%.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered German American Bancorp. from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. BidaskClub lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

German American Bancorp. stock opened at $33.81 on Friday. The company has a 50 day moving average price of $33.34 and a 200-day moving average price of $31.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.92. German American Bancorp. has a fifty-two week low of $26.20 and a fifty-two week high of $34.50. The company has a market capitalization of $901.43 million, a PE ratio of 15.80 and a beta of 0.86.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Sunday, November 10th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.01%. German American Bancorp.’s dividend payout ratio is currently 31.78%.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in German American Bancorp. by 3.9% during the 2nd quarter. BlackRock Inc. now owns 1,659,282 shares of the bank’s stock worth $49,977,000 after acquiring an additional 62,219 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of German American Bancorp. by 8.4% during the second 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 in the last quarter. Northern Trust Corp boosted its stake in shares of German American Bancorp. by 1.0% during the second quarter. Northern Trust Corp now owns 426,690 shares of the bank’s stock valued at $12,852,000 after purchasing an additional 4,086 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of German American Bancorp. by 13.2% during the second quarter. Renaissance Technologies LLC now owns 325,050 shares of the bank’s stock valued at $9,791,000 after purchasing an additional 38,000 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in German American Bancorp. by 115.0% during the second quarter. Wedge Capital Management L L P NC now owns 186,893 shares of the bank’s stock valued at $5,629,000 after buying an additional 99,983 shares during the period. Hedge funds and other institutional investors own 41.51% of the company’s stock.

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

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