German American Bancorp (NASDAQ:GABC) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

German American Bancorp (NASDAQ:GABC - Get Free Report) posted its quarterly earnings results on Monday. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07, Zacks reports. The firm had revenue of $81.41 million during the quarter, compared to the consensus estimate of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%.

German American Bancorp Price Performance

Shares of NASDAQ:GABC traded up $0.79 on Friday, hitting $38.69. The company's stock had a trading volume of 9,348 shares, compared to its average volume of 108,444. The company has a market capitalization of $1.45 billion, a PE ratio of 13.72 and a beta of 0.61. 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 company has a 50-day simple moving average of $37.30 and a 200 day simple moving average of $40.22. German American Bancorp has a 1 year low of $31.06 and a 1 year high of $47.08.

German American Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Saturday, May 10th will be given a $0.29 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.00%. German American Bancorp's dividend payout ratio (DPR) is presently 41.13%.

Insiders Place Their Bets

In other German American Bancorp news, Director Diane B. Medley purchased 1,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $39.21 per share, with a total value of $39,210.00. Following the completion of the purchase, the director now owns 5,370 shares of the company's stock, valued at $210,557.70. The trade was a 22.88 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 1,090 shares of company stock valued at $42,697 in the last quarter. Corporate insiders own 6.16% of the company's stock.

Analyst Ratings Changes

GABC has been the subject of a number of recent research reports. Piper Sandler decreased their price target on shares of German American Bancorp from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, German American Bancorp currently has an average rating of "Hold" and an average target price of $45.20.

German American Bancorp Company Profile

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.