German American Bancorp (NASDAQ:GABC) Issues Earnings Results


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German American Bancorp (NASDAQ:GABC) issued its quarterly earnings results on Sunday. The bank reported $0.79 EPS 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%.

GABC traded up $0.72 on Tuesday, hitting $34.14. 3,015 shares of the company’s stock were exchanged, compared to its average volume of 45,370. The firm has a market cap of $904.44 million, a PE ratio of 15.54 and a beta of 0.76. German American Bancorp has a twelve month low of $23.54 and a twelve month high of $36.17. The stock has a fifty day moving average of $33.41 and a two-hundred day moving average of $30.74. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.

Several equities analysts have recently commented on GABC shares. Zacks Investment Research cut shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 30th. Piper Sandler reduced their price target on shares of German American Bancorp from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th.

In related news, Director J David Lett sold 1,530 shares of the stock in a transaction dated 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 owns 81,544 shares in the company, valued at $2,684,428.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.81% of the stock is owned by corporate insiders.

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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Earnings History for German American Bancorp (NASDAQ:GABC)

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