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

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, July 29th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, August 9th.

German American Bancorp has increased its dividend 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 41.5% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.2 %

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

German American Bancorp (NASDAQ:GABC) last issued 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 company had revenue of $84.08 million during the quarter, compared to analysts’ expectations of $61.05 million. German American Bancorp had a net margin of 24.44% and a return on equity of 13.33%. Equities research analysts anticipate that German American Bancorp will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on GABC shares. StockNews.com cut German American Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Hovde Group increased their price target on 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.