German American Bancorp., Inc. (NASDAQ:GABC) Expected to Announce Quarterly Sales of $48.85 Million

Equities analysts forecast that German American Bancorp., Inc. (NASDAQ:GABC) will report $48.85 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for German American Bancorp.’s earnings, with estimates ranging from $47.60 million to $50.00 million. German American Bancorp. posted sales of $44.15 million during the same quarter last year, which suggests a positive year over year growth rate of 10.6%. The firm is expected to announce its next quarterly earnings results on Monday, August 3rd.

On average, analysts expect that German American Bancorp. will report full year sales of $204.03 million for the current year, with estimates ranging from $192.50 million to $211.00 million. For the next financial year, analysts forecast that the firm will post sales of $193.98 million, with estimates ranging from $187.80 million to $201.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow German American Bancorp..

German American Bancorp. (NASDAQ:GABC) last released its quarterly earnings results on Thursday, May 7th. The bank reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. German American Bancorp. had a net margin of 24.97% and a return on equity of 10.53%. The firm had revenue of $50.34 million during the quarter, compared to analyst estimates of $48.93 million.

GABC has been the subject of a number of recent research reports. BidaskClub upgraded German American Bancorp. from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. ValuEngine downgraded German American Bancorp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. TheStreet upgraded German American Bancorp. from a “c+” rating to a “b-” rating in a research note on Friday, June 12th. Zacks Investment Research upgraded German American Bancorp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $31.00 price target (up from $30.00) on shares of German American Bancorp. in a research note on Friday, May 8th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.67.

A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in German American Bancorp. by 30.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 587,861 shares of the bank’s stock worth $20,939,000 after purchasing an additional 136,040 shares during the period. Champlain Investment Partners LLC increased its stake in German American Bancorp. by 9.7% in the fourth quarter. Champlain Investment Partners LLC now owns 1,212,525 shares of the bank’s stock worth $43,190,000 after purchasing an additional 107,255 shares during the period. Franklin Resources Inc. increased its stake in German American Bancorp. by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 641,575 shares of the bank’s stock worth $22,853,000 after purchasing an additional 75,945 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in German American Bancorp. in the fourth quarter worth $1,820,000. Finally, Boston Trust Walden Corp increased its stake in German American Bancorp. by 23.5% in the first quarter. Boston Trust Walden Corp now owns 230,878 shares of the bank’s stock worth $6,337,000 after purchasing an additional 43,892 shares during the period. Institutional investors own 42.44% of the company’s stock.

Shares of NASDAQ:GABC opened at $31.10 on Wednesday. The stock has a 50 day moving average of $29.53 and a 200 day moving average of $30.98. The company has a market cap of $774.62 million, a PE ratio of 14.40 and a beta of 0.86. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. German American Bancorp. has a 12-month low of $23.54 and a 12-month high of $36.17.

German American Bancorp. Company Profile

German American Bancorp, Inc operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.

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

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