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

German American Bancorp (NASDAQ:GABC) released its quarterly earnings data on Monday. The bank reported $0.78 EPS for the quarter, beating analysts’ consensus estimates 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 Trading Up 1.8 %

Shares of German American Bancorp stock traded up $0.71 during trading on Monday, reaching $39.94. The company’s stock had a trading volume of 105,854 shares, compared to its average volume of 88,477. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. German American Bancorp has a 52-week low of $30.66 and a 52-week high of $47.08. The firm’s 50-day moving average is $42.05 and its two-hundred day moving average is $40.54. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 14.42 and a beta of 0.65.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of German American Bancorp from $43.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group upgraded German American Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 30th. Finally, Stephens started coverage on shares of German American Bancorp in a research report 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 issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, German American Bancorp currently has an average rating of “Hold” and a consensus 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.