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

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

German American Bancorp Stock Performance

GABC traded up $0.95 on Friday, hitting $38.85. 93,238 shares of the company traded hands, compared to its average volume of 108,550. German American Bancorp has a 12-month low of $31.06 and a 12-month high of $47.08. The company has a 50 day moving average of $37.29 and a 200-day moving average of $40.21. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.45 billion, a PE ratio of 13.78 and a beta of 0.61.

German American Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Saturday, May 10th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.99%. German American Bancorp's payout ratio is 46.77%.

Analysts Set New Price Targets

A number of research firms recently commented on GABC. Keefe, Bruyette & Woods increased their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. Piper Sandler cut their target price on German American Bancorp from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, German American Bancorp has a consensus rating of "Hold" and a consensus target price of $45.20.

Insider Buying and Selling at German American Bancorp

In related news, Director Diane B. Medley purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased 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 directly owns 5,370 shares in the company, valued at $210,557.70. This trade represents a 22.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have purchased 1,090 shares of company stock worth $42,697. 6.16% of the stock is currently owned by insiders.

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.