German American Bancorp, Inc. (NASDAQ:GABC) to Issue Quarterly Dividend of $0.27

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) announced a quarterly dividend on Monday, April 29th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.27 per share by the bank on Monday, May 20th. This represents a $1.08 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, May 9th.

German American Bancorp has increased its dividend payment by an average of 9.6% annually over the last three years and has raised its dividend every year for the last 12 years. German American Bancorp has a payout ratio of 41.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect German American Bancorp to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 41.7%.

German American Bancorp Stock Down 0.2 %

Shares of NASDAQ GABC traded down $0.05 during midday trading on Wednesday, reaching $31.68. The company's stock had a trading volume of 139,101 shares, compared to its average volume of 109,076. German American Bancorp has a fifty-two week low of $24.85 and a fifty-two week high of $34.96. The stock has a market capitalization of $937.09 million, a price-to-earnings ratio of 11.20 and a beta of 0.62. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $32.62 and a 200-day simple moving average of $31.39.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its earnings results on Monday, April 29th. The bank reported $0.64 earnings per share for the quarter, hitting analysts' consensus estimates of $0.64. The company had revenue of $84.08 million for the quarter, compared to analyst estimates of $61.05 million. German American Bancorp had a return on equity of 13.98% and a net margin of 25.83%. Equities research analysts predict that German American Bancorp will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Diane B. Medley acquired 1,000 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $33.64 per share, with a total value of $33,640.00. Following the completion of the acquisition, the director now directly owns 3,660 shares of the company's stock, valued at $123,122.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 1,107 shares of company stock worth $37,113 in the last quarter. Corporate insiders own 4.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GABC. Raymond James boosted their target price on shares of German American Bancorp from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Piper Sandler increased their price target on shares of German American Bancorp from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, February 1st.

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.