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.
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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