Piper Sandler Comments on German American Bancorp., Inc.’s FY2020 Earnings (NASDAQ:GABC)

German American Bancorp., Inc. (NASDAQ:GABC) – Stock analysts at Piper Sandler decreased their FY2020 earnings per share (EPS) estimates for shares of German American Bancorp. in a note issued to investors on Wednesday, July 29th. Piper Sandler analyst N. Cucharale now forecasts that the bank will post earnings per share of $2.18 for the year, down from their prior forecast of $2.38. Piper Sandler also issued estimates for German American Bancorp.’s Q4 2020 earnings at $0.60 EPS.

GABC has been the subject of a number of other research reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $31.00 price objective (up previously from $30.00) on shares of German American Bancorp. in a research report on Friday, May 8th. Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded shares of German American Bancorp. from a “c+” rating to a “b-” rating in a research report on Friday, June 12th. BidaskClub cut German American Bancorp. from a “hold” rating to a “sell” rating in a report on Thursday, July 9th. Finally, ValuEngine cut German American Bancorp. from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $32.33.

GABC opened at $28.44 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 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. The company has a fifty day simple moving average of $29.44 and a 200 day simple moving average of $30.06. The stock has a market cap of $753.66 million, a P/E ratio of 13.61 and a beta of 0.86.

German American Bancorp. (NASDAQ:GABC) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.18. German American Bancorp. had a net margin of 24.05% and a return on equity of 10.01%. The business had revenue of $50.88 million during the quarter, compared to analysts’ expectations of $48.85 million.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, August 7th. German American Bancorp.’s dividend payout ratio (DPR) is presently 32.34%.

Hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC boosted its stake in shares of German American Bancorp. by 4.4% during the 1st quarter. Nuveen Asset Management LLC now owns 94,633 shares of the bank’s stock worth $2,597,000 after buying an additional 3,951 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of German American Bancorp. by 7.5% during the 1st quarter. Geode Capital Management LLC now owns 375,848 shares of the bank’s stock worth $10,317,000 after buying an additional 26,179 shares during the last quarter. Citigroup Inc. boosted its stake in shares of German American Bancorp. by 26.9% during the 1st quarter. Citigroup Inc. now owns 7,305 shares of the bank’s stock worth $201,000 after buying an additional 1,547 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of German American Bancorp. by 74.6% during the 1st quarter. Two Sigma Investments LP now owns 14,689 shares of the bank’s stock worth $403,000 after buying an additional 6,275 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of German American Bancorp. by 19.1% during the 1st quarter. Invesco Ltd. now owns 24,718 shares of the bank’s stock worth $678,000 after buying an additional 3,960 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

About German American Bancorp.

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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