German American Bancorp., Inc. (NASDAQ:GABC) – Analysts at FIG Partners issued their Q1 2019 earnings per share (EPS) estimates for shares of German American Bancorp. in a research report issued on Tuesday. FIG Partners analyst B. Martin anticipates that the bank will post earnings per share of $0.50 for the quarter. FIG Partners also issued estimates for German American Bancorp.’s Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.15 EPS.
Several other research analysts have also recently weighed in on GABC. Sandler O’Neill set a $37.00 target price on German American Bancorp. and gave the stock a “hold” rating in a report on Tuesday, January 30th. BidaskClub cut German American Bancorp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Hovde Group restated a “hold” rating on shares of German American Bancorp. in a report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded German American Bancorp. from a “sell” rating to a “hold” rating in a report on Monday, January 1st. 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. German American Bancorp. presently has a consensus rating of “Hold” and a consensus price target of $39.00.
German American Bancorp. (NASDAQ:GABC) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). German American Bancorp. had a return on equity of 10.90% and a net margin of 28.47%. The firm had revenue of $33.05 million for the quarter, compared to analysts’ expectations of $33.76 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Saturday, February 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from German American Bancorp.’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. German American Bancorp.’s dividend payout ratio is currently 31.71%.
In other German American Bancorp. news, Director Chris A. Ramsey acquired 3,977 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were purchased at an average cost of $36.00 per share, for a total transaction of $143,172.00. Following the completion of the acquisition, the director now owns 16,969 shares of the company’s stock, valued at approximately $610,884. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris A. Ramsey acquired 2,852 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average price of $35.13 per share, for a total transaction of $100,190.76. Following the completion of the acquisition, the director now directly owns 16,969 shares of the company’s stock, valued at approximately $596,120.97. The disclosure for this purchase can be found here. Insiders purchased 19,848 shares of company stock worth $709,584 over the last quarter. 8.51% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in German American Bancorp. by 56.8% during the second quarter. Vanguard Group Inc. now owns 865,786 shares of the bank’s stock worth $29,514,000 after purchasing an additional 313,778 shares in the last quarter. FMR LLC lifted its stake in German American Bancorp. by 50.0% during the second quarter. FMR LLC now owns 837,597 shares of the bank’s stock worth $28,554,000 after purchasing an additional 279,199 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of German American Bancorp. by 53.2% during the second quarter. Dimensional Fund Advisors LP now owns 765,212 shares of the bank’s stock worth $26,086,000 after acquiring an additional 265,851 shares during the period. State Street Corp increased its position in shares of German American Bancorp. by 57.5% during the second quarter. State Street Corp now owns 398,868 shares of the bank’s stock worth $13,597,000 after acquiring an additional 145,547 shares during the period. Finally, Northern Trust Corp increased its position in shares of German American Bancorp. by 49.3% during the second quarter. Northern Trust Corp now owns 273,220 shares of the bank’s stock worth $9,314,000 after acquiring an additional 90,173 shares during the period. Hedge funds and other institutional investors own 36.60% of the company’s stock.
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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