German American Bancorp, Inc. (GABC) To Go Ex-Dividend on November 10th

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, October 27th. Investors of record on Monday, November 10th will be given a dividend of 0.29 per share by the bank on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, November 10th.

German American Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. German American Bancorp has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect German American Bancorp to earn $3.66 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 31.7%.

German American Bancorp Price Performance

Shares of German American Bancorp stock opened at $39.67 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of 13.87 and a beta of 0.66. German American Bancorp has a 12-month low of $32.75 and a 12-month high of $47.08. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $39.70 and its two-hundred day simple moving average is $39.30.

German American Bancorp (NASDAQ:GABC) last issued its quarterly earnings data on Wednesday, September 7th. The bank reported $0.81 EPS for the quarter. The firm had revenue of $64.78 million during the quarter. German American Bancorp had a net margin of 22.19% and a return on equity of 12.40%. As a group, equities analysts expect that German American Bancorp will post 3.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on German American Bancorp from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of German American Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings lowered shares of German American Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, German American Bancorp has a consensus rating of “Hold” and a consensus target price of $45.50.

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.