German American Bancorp, Inc. (GABC) to Issue Quarterly Dividend of $0.27 on November 20th

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Sunday, November 10th will be paid a dividend of 0.27 per share by the bank on Wednesday, November 20th. This represents a $1.08 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, November 8th.

German American Bancorp has raised its dividend by an average of 9.6% annually 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 38.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect German American Bancorp to earn $2.95 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 36.6%.

German American Bancorp Stock Up 3.2 %

Shares of GABC traded up $1.28 during trading hours on Wednesday, hitting $41.51. 45,564 shares of the company were exchanged, compared to its average volume of 102,964. The firm’s 50 day moving average is $39.27 and its 200-day moving average is $36.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 0.83. German American Bancorp has a 52 week low of $24.85 and a 52 week high of $42.78. The company has a market cap of $1.23 billion, a PE ratio of 14.12 and a beta of 0.61.

German American Bancorp (NASDAQ:GABC) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. German American Bancorp had a net margin of 24.44% and a return on equity of 12.97%. The company had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $62.80 million. On average, equities research analysts forecast that German American Bancorp will post 2.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GABC shares. Stephens assumed coverage on shares of German American Bancorp in a research note on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target for the company. Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $48.00 in a report on Wednesday. StockNews.com cut German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Piper Sandler boosted their price objective on shares of German American Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Raymond James lifted their price target on shares of German American Bancorp from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, German American Bancorp currently has an average rating of “Hold” and a consensus price target of $45.25.

Insider Buying and Selling

In related news, Director Thomas W. Seger acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $36.80 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the director now directly owns 484,342 shares in the company, valued at approximately $17,823,785.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other German American Bancorp news, Director Diane B. Medley acquired 710 shares of German American Bancorp stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $36.37 per share, with a total value of $25,822.70. Following the completion of the purchase, the director now directly owns 4,370 shares of the company’s stock, valued at $158,936.90. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas W. Seger purchased 3,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $36.80 per share, with a total value of $110,400.00. Following the purchase, the director now directly owns 484,342 shares of the company’s stock, valued at approximately $17,823,785.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 3,732 shares of company stock valued at $137,119. 6.16% of the stock is owned by corporate insiders.

German American Bancorp Company Profile

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.