Wall Street analysts expect that German American Bancorp, Inc. (NASDAQ:GABC) will announce sales of $33.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for German American Bancorp’s earnings. The lowest sales estimate is $32.70 million and the highest is $33.70 million. German American Bancorp reported sales of $32.73 million during the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The company is expected to announce its next earnings report on Monday, July 24th.

According to Zacks, analysts expect that German American Bancorp will report full year sales of $33.20 million for the current financial year, with estimates ranging from $132.90 million to $136.91 million. For the next financial year, analysts expect that the business will post sales of $141.74 million per share, with estimates ranging from $140.60 million to $142.88 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for German American Bancorp.

Several analysts have recently weighed in on GABC shares. Sandler O’Neill lowered shares of German American Bancorp from a “buy” rating to a “hold” rating and raised their price objective for the stock from $33.00 to $36.00 in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Hilliard Lyons reissued an “underperform” rating and issued a $33.00 price target on shares of German American Bancorp in a report on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price target on shares of German American Bancorp in a report on Monday, April 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.00.

Several hedge funds have recently modified their holdings of GABC. Highbridge Capital Management LLC bought a new stake in shares of German American Bancorp during the first quarter worth $764,000. Bank of America Corp DE raised its stake in shares of German American Bancorp by 27.8% in the first quarter. Bank of America Corp DE now owns 4,400 shares of the bank’s stock worth $208,000 after buying an additional 958 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of German American Bancorp by 23.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 59,650 shares of the bank’s stock worth $2,824,000 after buying an additional 11,186 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of German American Bancorp by 33.3% in the first quarter. Renaissance Technologies LLC now owns 101,700 shares of the bank’s stock worth $4,814,000 after buying an additional 25,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of German American Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 499,361 shares of the bank’s stock worth $23,640,000 after buying an additional 20,548 shares in the last quarter. 22.53% of the stock is owned by institutional investors and hedge funds.

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Shares of German American Bancorp (NASDAQ GABC) traded down 0.42% during trading on Thursday, hitting $30.97. The stock had a trading volume of 6,327 shares. German American Bancorp has a one year low of $20.36 and a one year high of $36.31. The stock’s 50-day moving average price is $31.85 and its 200 day moving average price is $43.84. The stock has a market cap of $710.11 million, a price-to-earnings ratio of 17.91 and a beta of 1.20.

German American Bancorp Company Profile

German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.

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