German American Bancorp (GABC) Releases Quarterly Earnings Results
German American Bancorp (NASDAQ:GABC) issued its quarterly earnings data on Tuesday. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.04, Analyst Ratings Network reports. During the same quarter last year, the company posted $0.50 earnings per share.
German American Bancorp (NASDAQ:GABC) traded down 2.03% during mid-day trading on Tuesday, hitting $25.06. 2,598 shares of the company’s stock traded hands. German American Bancorp has a one year low of $19.71 and a one year high of $28.50. The stock’s 50-day moving average is $25.60 and its 200-day moving average is $23.15. The company has a market cap of $317.4 million and a P/E ratio of 13.12.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Shareholders of record on Sunday, November 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.35%.
GABC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of German American Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $28.90 price target on the stock. On the ratings front, analysts at Davidson initiated coverage on shares of German American Bancorp in a research note to investors on Friday, September 27th. They set a “neutral” rating on the stock. Finally, analysts at DA Davidson initiated coverage on shares of German American Bancorp in a research note to investors on Wednesday, September 25th. They set a “neutral” rating and a $27.00 price target on the stock.
German American Bancorp, Inc is a financial services holding company. The principal subsidiary of the Company is its banking subsidiary, German American Bancorp (NASDAQ:GABC), which operates through 34 retail banking offices in 12 contiguous Southern Indiana counties.
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