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

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, April 29th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.27 per share by the bank on Monday, May 20th. This represents a $1.08 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, May 9th.

German American Bancorp has increased its dividend payment by an average of 9.6% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. German American Bancorp has a dividend payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect German American Bancorp to earn $2.59 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 41.7%.

German American Bancorp Price Performance

GABC stock traded down $0.26 during mid-day trading on Wednesday, reaching $31.87. The company’s stock had a trading volume of 3,278 shares, compared to its average volume of 110,074. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $32.65 and its two-hundred day moving average is $31.58. German American Bancorp has a fifty-two week low of $24.85 and a fifty-two week high of $34.96. The stock has a market cap of $942.71 million, a PE ratio of 11.27 and a beta of 0.64.

German American Bancorp (NASDAQ:GABC) last posted its quarterly earnings results on Monday, April 29th. The bank reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $84.08 million during the quarter, compared to analysts’ expectations of $61.05 million. German American Bancorp had a return on equity of 13.98% and a net margin of 25.83%. Equities research analysts expect that German American Bancorp will post 2.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Piper Sandler upped their price objective on German American Bancorp from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Raymond James increased their price target on German American Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st.

Insider Buying and Selling

In other German American Bancorp news, Director Diane B. Medley bought 1,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $33.64 per share, for a total transaction of $33,640.00. Following the completion of the purchase, the director now owns 3,660 shares of the company’s stock, valued at $123,122.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have bought 1,107 shares of company stock worth $37,113 in the last quarter. 4.59% of the stock is owned by 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.