German American Bancorp (NASDAQ:GABC) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

German American Bancorp (NASDAQ:GABC) issued its quarterly earnings data on Monday. The bank reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.07, Zacks reports. German American Bancorp had a net margin of 23.75% and a return on equity of 11.94%.

German American Bancorp Price Performance

Shares of German American Bancorp stock traded up $0.71 during trading hours on Monday, hitting $39.94. The company’s stock had a trading volume of 105,854 shares, compared to its average volume of 88,478. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81. German American Bancorp has a 12-month low of $30.66 and a 12-month high of $47.08. The business has a 50 day moving average price of $42.05 and a two-hundred day moving average price of $40.54. The company has a market cap of $1.19 billion, a PE ratio of 14.42 and a beta of 0.65.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $48.00 in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens began coverage on German American Bancorp in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.40.

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.