German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) declared a quarterly dividend on Monday, April 28th, Wall Street Journal reports. Stockholders of record on Saturday, May 10th will be given a dividend of 0.29 per share by the bank on Tuesday, May 20th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, May 9th.
German American Bancorp has increased its dividend payment by an average of 8.7% annually over the last three years and has increased its dividend every year for the last 13 years. German American Bancorp has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect German American Bancorp to earn $3.66 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 31.7%.
German American Bancorp Stock Up 2.5 %
German American Bancorp stock traded up $0.95 during midday trading on Friday, hitting $38.85. 93,238 shares of the stock were exchanged, compared to its average volume of 108,550. German American Bancorp has a 1 year low of $31.06 and a 1 year high of $47.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1.45 billion, a P/E ratio of 13.78 and a beta of 0.61. The company has a 50 day moving average price of $37.29 and a two-hundred day moving average price of $40.21.
German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. German American Bancorp had a return on equity of 12.04% and a net margin of 23.69%. On average, sell-side analysts predict that German American Bancorp will post 3.06 earnings per share for the current fiscal year.
Insider Buying and Selling
In other German American Bancorp news, Director Diane B. Medley bought 1,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the acquisition, the director now owns 5,370 shares of the company's stock, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 1,090 shares of company stock worth $42,697 over the last ninety days. 6.16% of the stock is owned by insiders.
Analyst Ratings Changes
GABC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Piper Sandler dropped their target price on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.20.
Check Out Our Latest Analysis on German American Bancorp
About German American Bancorp
(
Get Free Report)
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.
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