Wall Street brokerages expect German American Bancorp., Inc. (NASDAQ:GABC) to report $33.76 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for German American Bancorp.’s earnings, with the lowest sales estimate coming in at $33.00 million and the highest estimate coming in at $34.52 million. German American Bancorp. posted sales of $33.25 million during the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The business is expected to report its next quarterly earnings report on Monday, January 29th.

On average, analysts expect that German American Bancorp. will report full-year sales of $33.76 million for the current year, with estimates ranging from $131.10 million to $136.60 million. For the next fiscal year, analysts expect that the firm will report sales of $140.39 million per share, with estimates ranging from $138.30 million to $142.48 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover German American Bancorp..

German American Bancorp. (NASDAQ:GABC) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). German American Bancorp. had a net margin of 27.52% and a return on equity of 11.28%.

A number of research firms have commented on GABC. Zacks Investment Research raised shares of German American Bancorp. from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, October 4th. BidaskClub downgraded shares of German American Bancorp. from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Hovde Group reissued a “hold” rating on shares of German American Bancorp. in a research report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $38.00 target price on shares of German American Bancorp. and gave the company a “hold” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.25.

German American Bancorp. (GABC) traded down $1.12 during midday trading on Friday, reaching $35.55. 53,300 shares of the company’s stock were exchanged, compared to its average volume of 40,025. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.73. The stock has a market cap of $840.84, a P/E ratio of 22.64 and a beta of 1.11. German American Bancorp. has a 1-year low of $28.71 and a 1-year high of $39.02.

In other news, Director Chris A. Ramsey acquired 2,852 shares of the business’s stock in a transaction dated Tuesday, December 11th. The shares were purchased at an average price of $35.13 per share, with a total value of $100,190.76. Following the transaction, the director now directly owns 16,969 shares in the company, valued at $596,120.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Chris A. Ramsey acquired 3,977 shares of the business’s stock in a transaction dated Wednesday, December 19th. The stock was purchased at an average cost of $36.00 per share, for a total transaction of $143,172.00. Following the transaction, the director now owns 16,969 shares in the company, valued at $610,884. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 19,828 shares of company stock worth $708,843. Insiders own 8.51% of the company’s stock.

Several institutional investors have recently modified their holdings of GABC. Schwab Charles Investment Management Inc. grew its position in German American Bancorp. by 51.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,264 shares of the bank’s stock worth $3,078,000 after purchasing an additional 30,614 shares during the last quarter. Rhumbline Advisers grew its position in German American Bancorp. by 52.0% during the 2nd quarter. Rhumbline Advisers now owns 27,186 shares of the bank’s stock worth $927,000 after purchasing an additional 9,305 shares during the last quarter. Bank of New York Mellon Corp grew its position in German American Bancorp. by 52.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,749 shares of the bank’s stock worth $4,491,000 after purchasing an additional 45,382 shares during the last quarter. Legal & General Group Plc grew its position in German American Bancorp. by 56.3% during the 2nd quarter. Legal & General Group Plc now owns 5,314 shares of the bank’s stock worth $181,000 after purchasing an additional 1,914 shares during the last quarter. Finally, Comerica Bank grew its position in German American Bancorp. by 50.0% during the 2nd quarter. Comerica Bank now owns 14,689 shares of the bank’s stock worth $518,000 after purchasing an additional 4,899 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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