German American Bancorp. (GABC) to Release Quarterly Earnings on Monday

German American Bancorp. (NASDAQ:GABC) is set to issue its quarterly earnings data after the market closes on Monday, January 29th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.

German American Bancorp. (NASDAQ:GABC) last released its earnings results on Monday, October 30th. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). German American Bancorp. had a net margin of 27.52% and a return on equity of 11.28%. On average, analysts expect German American Bancorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

German American Bancorp. (GABC) opened at $35.81 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. German American Bancorp. has a 12-month low of $28.71 and a 12-month high of $39.02. The stock has a market capitalization of $821.12, a price-to-earnings ratio of 22.81 and a beta of 1.11.

In other German American Bancorp. news, Director Chris A. Ramsey purchased 2,852 shares of the stock in a transaction on Tuesday, December 11th. The shares were bought at an average cost of $35.13 per share, with a total value of $100,190.76. Following the completion of the acquisition, the director now owns 16,969 shares in the company, valued at $596,120.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Chris A. Ramsey purchased 9,884 shares of the stock in a transaction on Tuesday, December 26th. The stock was acquired at an average cost of $35.75 per share, for a total transaction of $353,353.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 19,828 shares of company stock worth $708,843. 8.51% of the stock is owned by corporate insiders.

GABC has been the topic of several research reports. Zacks Investment Research raised 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 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 German American Bancorp. and gave the company a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $39.25.

COPYRIGHT VIOLATION WARNING: “German American Bancorp. (GABC) to Release Quarterly Earnings on Monday” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/22/german-american-bancorp-gabc-to-release-quarterly-earnings-on-monday.html.

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.

Earnings History for German American Bancorp. (NASDAQ:GABC)

Receive News & Ratings for German American Bancorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for German American Bancorp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply