German American Bancorp (NASDAQ:GABC) issued its quarterly earnings data on Sunday. The bank reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.21, MarketWatch Earnings reports. German American Bancorp had a net margin of 25.10% and a return on equity of 9.72%.
Shares of German American Bancorp stock traded up $0.72 during midday trading on Tuesday, hitting $34.14. 3,015 shares of the company traded hands, compared to its average volume of 45,370. The stock has a market cap of $904.44 million, a price-to-earnings ratio of 15.54 and a beta of 0.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 0.87. The firm’s fifty day moving average price is $33.41 and its 200-day moving average price is $30.74. German American Bancorp has a 12 month low of $23.54 and a 12 month high of $36.17.
In related news, Director J David Lett sold 1,530 shares of German American Bancorp stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $32.92, for a total transaction of $50,367.60. Following the sale, the director now directly owns 81,544 shares of the company’s stock, valued at approximately $2,684,428.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.81% of the company’s stock.
Several equities analysts have commented on GABC shares. Zacks Investment Research lowered shares of German American Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 30th. Piper Sandler decreased their target price on shares of German American Bancorp from $32.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th.
German American Bancorp Company Profile
German American Bancorp, Inc operates as the bank holding company for German American Bank 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 deposit products 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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