Equities research analysts forecast that German American Bancorp, Inc. (NASDAQ:GABC) will post $53.10 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for German American Bancorp's earnings. The lowest sales estimate is $51.60 million and the highest is $54.00 million. German American Bancorp reported sales of $56.83 million during the same quarter last year, which indicates a negative year over year growth rate of 6.6%. The business is expected to report its next earnings report on Monday, January 24th.
According to Zacks, analysts expect that German American Bancorp will report full year sales of $217.10 million for the current financial year, with estimates ranging from $212.90 million to $223.00 million. For the next year, analysts anticipate that the firm will report sales of $244.30 million, with estimates ranging from $239.60 million to $249.00 million. Zacks Investment Research's sales averages are an average based on a survey of sell-side research analysts that cover German American Bancorp.
German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Sunday, October 24th. The bank reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.10. The company had revenue of $56.84 million for the quarter, compared to analyst estimates of $53.50 million. German American Bancorp had a net margin of 37.01% and a return on equity of 13.50%.
Separately, Zacks Investment Research lowered shares of German American Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, December 28th.
Shares of GABC stock opened at $38.98 on Monday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.03 and a beta of 0.70. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.29. German American Bancorp has a 52 week low of $32.21 and a 52 week high of $51.11. The stock has a 50-day moving average of $40.30.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 20th. Shareholders of record on Wednesday, November 10th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, November 9th. German American Bancorp's dividend payout ratio is 25.93%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of German American Bancorp by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 174,583 shares of the bank's stock valued at $6,744,000 after purchasing an additional 4,496 shares during the period. Deprince Race & Zollo Inc. bought a new stake in shares of German American Bancorp in the third quarter valued at approximately $659,000. BNP Paribas Arbitrage SA raised its position in shares of German American Bancorp by 96.5% in the third quarter. BNP Paribas Arbitrage SA now owns 6,894 shares of the bank's stock valued at $266,000 after purchasing an additional 3,385 shares during the period. Two Sigma Advisers LP raised its position in shares of German American Bancorp by 126.6% in the third quarter. Two Sigma Advisers LP now owns 32,400 shares of the bank's stock valued at $1,252,000 after purchasing an additional 18,100 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of German American Bancorp by 31.1% in the third quarter. Two Sigma Investments LP now owns 24,950 shares of the bank's stock valued at $964,000 after purchasing an additional 5,914 shares during the period. 43.12% of the stock is currently owned by institutional investors.
About German American Bancorp
German American Bancorp, Inc is a holding company, which engages in owning a trust, brokerage, and financial planning through German American Financial Advisors & Trust Co, and German American Insurance, Inc It operates through the following business segments: Core Banking, Wealth Management Services, Insurance Operations, and Other.
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