German American Bancorp, Inc. (NASDAQ:GABC) Declares Quarterly Dividend of $0.31

Key Points

• German American declared a quarterly dividend of $0.31 per share — shareholders of record May 10 will be paid May 20 (ex-dividend May 8); the dividend annualizes to $1.24 for a yield of about 2.8%, is covered by earnings with a payout ratio around 34.2%, and continues a 13-year streak of annual increases.
• Q1 results slightly missed estimates — the bank reported EPS of $0.88 versus a $0.90 consensus and revenue of $96.08M roughly in line; the stock trades at a PE of 14.5 with a $1.65B market cap and carries an average analyst rating of "Moderate Buy" with a $46.50 price target.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Sunday, May 10th will be paid a dividend of 0.31 per share by the bank on Wednesday, May 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, May 8th.

German American Bancorp has increased its dividend by an average of 0.1%per year 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 34.2% meaning its dividend is sufficiently covered by earnings. Analysts expect German American Bancorp to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 31.1%.

German American Bancorp Trading Up 0.9%

Shares of German American Bancorp stock opened at $43.93 on Tuesday. The firm has a 50-day moving average of $42.12 and a 200-day moving average of $40.87. The stock has a market cap of $1.65 billion, a PE ratio of 14.50 and a beta of 0.59. German American Bancorp has a 52-week low of $36.39 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, April 27th. The bank reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.02). The business had revenue of $96.08 million during the quarter, compared to the consensus estimate of $96.05 million. German American Bancorp had a net margin of 23.11% and a return on equity of 11.80%. As a group, sell-side analysts forecast that German American Bancorp will post 3.77 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of German American Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on shares of German American Bancorp from $45.00 to $46.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 28th. Finally, Piper Sandler raised shares of German American Bancorp from a "neutral" rating to an "overweight" rating and set a $47.00 price objective for the company in a research report on Friday, March 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, German American Bancorp has an average rating of "Moderate Buy" and an average price target of $46.50.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company's core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.