Headlines about German American Bancorp (NASDAQ:GABC) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. German American Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.5989412126466 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- German American Bancorp, Inc. (GABC) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Director of German American Bancorp (NASDAQ:GABC), Seger Thomas W, buys 412 shares worth $13,500 (empowerednews.net)
- German American Bancorp : John Clauss Wins FHLBI 2017 Community Spirit Award (4-traders.com)
- Chris A. Ramsey Purchases 1,587 Shares of German American Bancorp, Inc. (NASDAQ:GABC) Stock (americanbankingnews.com)
German American Bancorp (NASDAQ GABC) traded down 0.54% during trading on Friday, reaching $31.46. 51,668 shares of the company’s stock traded hands. German American Bancorp has a one year low of $23.46 and a one year high of $36.31. The company has a 50 day moving average of $34.07 and a 200 day moving average of $32.44. The firm has a market cap of $721.35 million, a price-to-earnings ratio of 18.17 and a beta of 1.16.
German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. German American Bancorp had a return on equity of 11.60% and a net margin of 28.12%. The business had revenue of $32.61 million for the quarter, compared to analyst estimates of $33.20 million. Equities research analysts predict that German American Bancorp will post $1.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, August 20th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.65%. German American Bancorp’s payout ratio is 32.57%.
Several brokerages recently commented on GABC. Zacks Investment Research raised shares of German American Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. Sandler O’Neill downgraded shares of German American Bancorp from a “buy” rating to a “hold” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Wednesday, April 26th. Hilliard Lyons reissued an “underperform” rating and set a $33.00 price objective on shares of German American Bancorp in a research report on Wednesday, April 26th. Finally, BidaskClub raised shares of German American Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $38.00.
In other news, Director Chris A. Ramsey bought 1,587 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $31.55 per share, for a total transaction of $50,069.85. Following the completion of the transaction, the director now directly owns 16,140 shares in the company, valued at $509,217. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 2,408 shares of company stock worth $78,036 in the last 90 days. Insiders own 8.51% of the company’s stock.
About German American Bancorp
German American Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company, through its banking subsidiary German American Bancorp, operated 51 banking offices in 19 contiguous southern Indiana counties and one northern Kentucky county. Its segments are core banking, trust and investment advisory services, insurance, and other.
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