Brokerages expect that German American Bancorp, Inc. (NASDAQ:GABC) will report $34.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for German American Bancorp’s earnings, with estimates ranging from $33.60 million to $34.39 million. German American Bancorp reported sales of $32.94 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The firm is expected to report its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that German American Bancorp will report full-year sales of $34.00 million for the current fiscal year, with estimates ranging from $132.90 million to $136.91 million. For the next year, analysts anticipate that the business will post sales of $141.74 million per share, with estimates ranging from $140.60 million to $142.88 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow German American Bancorp.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. German American Bancorp had a return on equity of 11.75% and a net margin of 28.12%. The company had revenue of $32.61 million for the quarter, compared to analysts’ expectations of $33.20 million.

Several research analysts recently weighed in on the stock. BidaskClub cut shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Sandler O’Neill cut shares of German American Bancorp from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research report on Wednesday, April 26th. Hilliard Lyons upgraded shares of German American Bancorp from an “underperform” rating to a “neutral” rating and set a $33.00 price objective for the company in a research report on Thursday, May 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price objective on shares of German American Bancorp in a research report on Monday, April 10th. Six analysts have rated the stock with a hold rating, German American Bancorp currently has an average rating of “Hold” and a consensus price target of $38.00.

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German American Bancorp (NASDAQ:GABC) opened at 33.32 on Monday. The firm has a market capitalization of $763.99 million, a PE ratio of 19.25 and a beta of 1.16. The stock’s 50 day moving average price is $33.95 and its 200 day moving average price is $40.19. German American Bancorp has a 12 month low of $22.82 and a 12 month high of $36.31.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, August 20th. Investors of record on Thursday, August 10th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, August 8th. German American Bancorp’s dividend payout ratio (DPR) is presently 32.57%.

Hedge funds have recently modified their holdings of the stock. Comerica Bank boosted its stake in shares of German American Bancorp by 50.0% in the second quarter. Comerica Bank now owns 14,689 shares of the bank’s stock valued at $518,000 after buying an additional 4,899 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of German American Bancorp by 56.3% in the second quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock valued at $181,000 after buying an additional 1,914 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of German American Bancorp by 52.5% in the second quarter. Bank of New York Mellon Corp now owns 131,749 shares of the bank’s stock valued at $4,491,000 after buying an additional 45,382 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of German American Bancorp by 52.0% in the second quarter. Rhumbline Advisers now owns 27,186 shares of the bank’s stock valued at $927,000 after buying an additional 9,305 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of German American Bancorp by 49.6% in the second quarter. Wedge Capital Management L L P NC now owns 142,422 shares of the bank’s stock valued at $4,855,000 after buying an additional 47,218 shares during the last quarter. Institutional investors own 22.95% of the company’s stock.

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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