German American Bancorp, Inc. (GABC) Scheduled to Post Earnings on Monday
German American Bancorp, Inc. (NASDAQ:GABC) will be posting its Q3 2017 quarterly earnings results after the market closes on Monday, October 30th. Analysts expect German American Bancorp to post earnings of $0.44 per share for the quarter.
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 11.60% 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. On average, analysts expect German American Bancorp to post $1.72 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
German American Bancorp, Inc. (NASDAQ GABC) opened at 38.36 on Monday. German American Bancorp, Inc. has a 12 month low of $25.21 and a 12 month high of $39.02. The firm has a market capitalization of $879.56 million, a PE ratio of 22.16 and a beta of 1.17. The stock’s 50 day moving average price is $36.00 and its 200 day moving average price is $33.53.
In other news, Director Chris A. Ramsey acquired 3,180 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was acquired at an average price of $32.35 per share, for a total transaction of $102,873.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Chris A. Ramsey acquired 1,587 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $31.55 per share, with a total value of $50,069.85. Following the transaction, the director now owns 16,140 shares in the company, valued at $509,217. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 5,029 shares of company stock valued at $161,641. 8.51% of the stock is owned by corporate insiders.
Several research analysts have issued reports on the company. Zacks Investment Research raised German American Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, October 4th. ValuEngine cut shares of German American Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub cut shares of German American Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.75.
About German American Bancorp
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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