German American Bancorp, Inc. (NASDAQ:GABC) Plans $0.27 Quarterly Dividend

German American Bancorp, Inc. (NASDAQ:GABC) declared a quarterly dividend on Monday, July 29th, Zacks reports. Stockholders of record on Saturday, August 10th will be paid a dividend of 0.27 per share by the bank on Tuesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, August 9th.

German American Bancorp has raised its dividend by an average of 9.6% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. German American Bancorp has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect German American Bancorp to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 42.4%.

German American Bancorp Trading Down 1.1 %

Shares of NASDAQ:GABC traded down $0.45 during mid-day trading on Wednesday, reaching $40.30. 11,542 shares of the company’s stock were exchanged, compared to its average volume of 112,514. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.30 and a beta of 0.62. The business’s fifty day moving average price is $34.89 and its 200-day moving average price is $33.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 0.79. German American Bancorp has a twelve month low of $24.85 and a twelve month high of $42.78.

German American Bancorp (NASDAQ:GABC) last posted its earnings results on Monday, April 29th. The bank reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. The company had revenue of $84.08 million during the quarter, compared to the consensus estimate of $61.05 million. German American Bancorp had a net margin of 24.44% and a return on equity of 13.33%. On average, research analysts predict that German American Bancorp will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GABC has been the subject of several research analyst reports. Hovde Group lifted their target price on shares of German American Bancorp from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, May 31st. StockNews.com downgraded shares of German American Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.33.

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.