German American Bancorp Inc. (GABC) Declares Quarterly Dividend of $0.15
German American Bancorp (NASDAQ:GABC) announced a quarterly dividend on Tuesday, October 29th, Analyst Ratings News reports. Investors of record on Sunday, November 10th will be paid a dividend of $0.15 per share on Wednesday, November 20th. This represents a $0.60 annualized dividend and a dividend yield of 2.35%.
Several analysts have recently commented on the stock. 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 a related note, 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 (NASDAQ:GABC) opened at 25.58 on Tuesday. German American Bancorp has a 52-week low of $19.71 and a 52-week high of $28.50. The stock has a 50-day moving average of $25.60 and a 200-day moving average of $23.15. The company has a market cap of $324.0 million and a P/E ratio of 13.12.
German American Bancorp (NASDAQ:GABC) last announced its earnings results on Tuesday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Analysts expect that German American Bancorp will post $1.89 EPS for the current fiscal year.
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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