Equities Analysts Issue Forecasts for German American Bancorp., Inc.’s Q1 2018 Earnings (GABC)

German American Bancorp., Inc. (NASDAQ:GABC) – FIG Partners issued their Q1 2018 earnings estimates for German American Bancorp. in a note issued to investors on Tuesday. FIG Partners analyst B. Martin forecasts that the bank will earn $0.45 per share for the quarter. FIG Partners also issued estimates for German American Bancorp.’s Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.53 EPS.

German American Bancorp. (NASDAQ:GABC) last announced its earnings results on Monday, January 29th. The bank reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). German American Bancorp. had a net margin of 28.47% and a return on equity of 10.90%. The firm had revenue of $33.05 million during the quarter, compared to analysts’ expectations of $33.76 million.

A number of other research firms have also recently commented on GABC. Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub upgraded shares of German American Bancorp. from a “strong sell” rating to a “sell” rating in a report on Saturday, January 20th. Hovde Group restated a “hold” rating on shares of German American Bancorp. in a report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $38.00 price target on shares of German American Bancorp. and gave the stock a “hold” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. German American Bancorp. has a consensus rating of “Hold” and an average price target of $39.00.

Shares of German American Bancorp. (GABC) opened at $34.38 on Thursday. German American Bancorp. has a 12 month low of $28.71 and a 12 month high of $39.02. The firm has a market cap of $779.77, a price-to-earnings ratio of 22.08 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.73.

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in German American Bancorp. during the 3rd quarter worth about $114,000. Great West Life Assurance Co. Can bought a new position in German American Bancorp. during the 3rd quarter worth about $116,000. Field & Main Bank bought a new position in German American Bancorp. during the 4th quarter worth about $138,000. Legal & General Group Plc grew its holdings 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 acquiring an additional 1,914 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in German American Bancorp. during the 2nd quarter worth about $221,000. Institutional investors own 36.60% of the company’s stock.

In other German American Bancorp. news, Director Chris A. Ramsey bought 3,977 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were bought at an average cost of $36.00 per share, for a total transaction of $143,172.00. Following the acquisition, the director now directly owns 16,969 shares in the company, valued at $610,884. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris A. Ramsey bought 3,055 shares of the company’s stock in a transaction on Wednesday, December 26th. The shares were acquired at an average price of $36.00 per share, for a total transaction of $109,980.00. Following the completion of the acquisition, the director now owns 16,969 shares in the company, valued at $610,884. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 19,848 shares of company stock worth $709,584. Company insiders own 8.51% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders 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 dividend yield of 1.75%. German American Bancorp.’s dividend payout ratio is presently 31.71%.

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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.

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

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