German American Bancorp, Inc. to Issue Quarterly Dividend of $0.27 (NASDAQ:GABC)

German American Bancorp, Inc. (NASDAQ:GABC) announced 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 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, August 9th.

German American Bancorp has increased its dividend by an average of 9.6% per year over the last three years and has increased its dividend every year for the last 12 years. German American Bancorp has a payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

GABC stock opened at $40.75 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. German American Bancorp has a 12 month low of $24.85 and a 12 month high of $42.78. The stock has a market cap of $1.21 billion, a PE ratio of 14.30 and a beta of 0.62. The company has a 50-day moving average price of $34.89 and a 200 day moving average price of $33.36.

German American Bancorp (NASDAQ:GABC) last released its earnings results on Monday, April 29th. The bank reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. German American Bancorp had a return on equity of 13.33% and a net margin of 24.44%. The firm had revenue of $84.08 million for the quarter, compared to analysts’ expectations of $61.05 million. Equities research analysts anticipate that German American Bancorp will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

GABC has been the topic of a number of recent analyst reports. StockNews.com lowered German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Hovde Group boosted their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, German American Bancorp has an average rating of “Hold” and a consensus 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.