German American Bancorp (NASDAQ:GABC) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

German American Bancorp (NASDAQ:GABC) released its quarterly earnings results on Monday. The bank reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07, Zacks reports. The firm had revenue of $81.41 million for the quarter, compared to analyst estimates of $79.60 million. German American Bancorp had a net margin of 23.69% and a return on equity of 12.04%.

German American Bancorp Stock Up 0.9 %

NASDAQ GABC opened at $37.08 on Tuesday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 13.15 and a beta of 0.61. German American Bancorp has a 52 week low of $31.06 and a 52 week high of $47.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $37.40 and a 200-day moving average of $40.27.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GABC shares. Keefe, Bruyette & Woods increased their price target on German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Piper Sandler decreased their target price on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.40.

Insider Activity at German American Bancorp

In other German American Bancorp news, Director Diane B. Medley bought 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $39.21 per share, for a total transaction of $39,210.00. Following the transaction, the director now owns 5,370 shares in the company, valued at approximately $210,557.70. This trade represents a 22.88 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 1,090 shares of company stock worth $42,697 over the last 90 days. Insiders own 6.16% of the company’s stock.

About German American Bancorp

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts 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.