German American Bancorp, Inc. to Post FY2017 Earnings of $1.68 Per Share, FIG Partners Forecasts (GABC)
German American Bancorp, Inc. (NASDAQ:GABC) – Analysts at FIG Partners decreased their FY2017 earnings estimates for shares of German American Bancorp in a research note issued to investors on Tuesday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings of $1.68 per share for the year, down from their prior estimate of $1.70. FIG Partners also issued estimates for German American Bancorp’s Q4 2017 earnings at $0.42 EPS and FY2018 earnings at $1.79 EPS.
German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings results on Monday, July 31st. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. German American Bancorp had a net margin of 27.52% and a return on equity of 11.43%. The business had revenue of $32.61 million during the quarter, compared to analyst estimates of $33.20 million.
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Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, ValuEngine lowered shares of German American Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. German American Bancorp currently has a consensus rating of “Hold” and a consensus price target of $39.75.
Shares of German American Bancorp (NASDAQ:GABC) opened at 35.98 on Wednesday. The company has a market cap of $824.99 million, a price-to-earnings ratio of 20.79 and a beta of 1.17. The stock has a 50 day moving average of $36.97 and a 200 day moving average of $33.89. German American Bancorp has a 12-month low of $26.15 and a 12-month high of $39.02.
A number of institutional investors have recently modified their holdings of the stock. Spark Investment Management LLC lifted its stake in German American Bancorp by 2.5% in the second quarter. Spark Investment Management LLC now owns 12,200 shares of the bank’s stock worth $415,000 after acquiring an additional 300 shares during the last quarter. American International Group Inc. lifted its stake in German American Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 8,749 shares of the bank’s stock worth $414,000 after acquiring an additional 587 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 acquiring an additional 958 shares during the last quarter. Teachers Advisors LLC lifted its stake in German American Bancorp by 4.7% in the first quarter. Teachers Advisors LLC now owns 24,032 shares of the bank’s stock worth $1,138,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Smithfield Trust Co. lifted its stake in German American Bancorp by 50.0% in the second quarter. Smithfield Trust Co. now owns 4,035 shares of the bank’s stock worth $138,000 after acquiring an additional 1,345 shares during the last quarter. Institutional investors own 36.29% of the company’s stock.
In other news, Director Chris A. Ramsey purchased 1,587 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $31.55 per share, for a total transaction of $50,069.85. Following the completion of the purchase, the director now directly owns 16,140 shares of the company’s stock, valued at $509,217. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chris A. Ramsey purchased 3,180 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average price of $32.35 per share, with a total value of $102,873.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 5,029 shares of company stock valued at $161,641. Insiders own 8.51% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 9th. German American Bancorp’s payout ratio is 33.12%.
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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