German American Bancorp (NASDAQ:GABC) Releases Quarterly Earnings Results, Meets Expectations

German American Bancorp (NASDAQ:GABC) issued its quarterly earnings results on Monday. The bank reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64, Yahoo Finance reports. German American Bancorp had a net margin of 25.83% and a return on equity of 13.98%. The business had revenue of $84.08 million for the quarter, compared to analysts’ expectations of $61.05 million.

German American Bancorp Stock Performance

Shares of NASDAQ GABC opened at $31.68 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $32.60 and its two-hundred day moving average price is $31.39. German American Bancorp has a 52-week low of $24.85 and a 52-week high of $34.96. The stock has a market capitalization of $937.09 million, a P/E ratio of 11.12 and a beta of 0.64.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be issued a $0.27 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 3.41%. German American Bancorp’s dividend payout ratio is currently 37.89%.

Analyst Ratings Changes

Several equities analysts have recently commented on GABC shares. Piper Sandler increased their price target on shares of German American Bancorp from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Raymond James increased their price target on shares of German American Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st.

Insiders Place Their Bets

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $33.64 per share, with a total value of $33,640.00. Following the completion of the acquisition, the director now owns 3,660 shares in the company, valued at approximately $123,122.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 1,107 shares of company stock valued at $37,113 over the last quarter. Insiders own 6.16% of the company’s stock.

About German American Bancorp

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.