German American Bancorp, Inc. (NASDAQ: GABC) – Piper Sandler released its earnings per share estimate for the first quarter of 2023 for German American Bancorp in a note to investors on Tuesday, January 4. Piper Sandler analyst N. Cucharale expects the bank to earn $ 0.73 per share for the quarter. Piper Sandler also released estimates for German American Bancorp Q2 2023 earnings at EPS $ 0.75, Q3 2023 earnings at EPS $ 0.79, Q4 2023 earnings at EPS $ 0.80, and FY2023 earnings at EPS. $ 3.08 EPS. German American Bancorp (NASDAQ: GABC) last reported its results on Sunday, October 24. The bank reported earnings per share of $ 0.81 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.71 of $ 0.10. German American Bancorp recorded a return on equity of 13.50% and a net margin of 37.01%. The company posted revenue of $ 56.84 million in the quarter, compared to analysts’ expectations of $ 53.50 million.
Separately, Zacks Investment Research upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report released on Monday, January 3.
NASDAQ: GABC opened at $ 41.19 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75, and a debt ratio of 0.29. German American Bancorp has a one-year low at $ 32.69 and a one-year high at $ 51.11. The company has a market cap of $ 1.09 billion, a price-to-earnings ratio of 12.71 and a beta of 0.69. The stock has a fifty-day simple moving average of $ 40.46 and a 200-day simple moving average of $ 38.63.
Several large investors have recently increased or reduced their holdings in GABC. German American Bancorp Inc. increased its position in German American Bancorp shares by 82.0% in the second quarter. German American Bancorp Inc. now owns 207,775 shares of the bank valued at $ 7,729,000 after purchasing an additional 93,590 shares during the period. Champlain Investment Partners LLC increased its stake in German American Bancorp by 4.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,301,160 shares of the bank valued at $ 48,403,000 after acquiring an additional 53,150 shares during the last quarter. State Street Corp increased its stake in German American Bancorp by 6.2% in the 2nd quarter. State Street Corp now owns 522,415 shares of the bank valued at $ 19,434,000 after acquiring an additional 30,609 shares in the last quarter. Morgan Stanley increased its stake in German American Bancorp by 69.6% in the second quarter. Morgan Stanley now owns 73,021 shares of the bank valued at $ 2,717,000 after acquiring an additional 29,965 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in German American Bancorp by 72.6% in the 3rd quarter. New Jersey State Pool D pension fund now owns 71,177 shares of the bank valued at $ 2,750,000 after acquiring an additional 29,950 shares in the last quarter. Institutional investors and hedge funds hold 43.12% of the company’s shares.
The company also recently declared a quarterly dividend, which was paid on Saturday, November 20. Investors registered on Wednesday, November 10 received a dividend of $ 0.21. The ex-dividend date of this dividend was Tuesday, November 9. This represents a dividend of $ 0.84 on an annualized basis and a dividend yield of 2.04%. German American Bancorp’s dividend payout ratio (DPR) is 25.93%.
Profile of the German-American company Bancorp
German American Bancorp, Inc is a holding company, which owns trust, brokerage and financial planning through German American Financial Advisors & Trust Co and German American Insurance, Inc. It operates in the segments of following activities: Core Banking, Wealth Management Services, insurance operations and others.
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