German American Bancorp, Inc. (GABC) to Issue Quarterly Dividend of $0.29 on February 20th

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.29 per share by the bank on Thursday, February 20th. This represents a $1.16 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, February 10th. This is a boost from German American Bancorp’s previous quarterly dividend of $0.27.

German American Bancorp has raised its dividend payment by an average of 8.7% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. German American Bancorp has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect German American Bancorp to earn $2.67 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 40.4%.

German American Bancorp Trading Up 0.0 %

Shares of GABC stock opened at $41.71 on Thursday. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.06 and a beta of 0.65. German American Bancorp has a 12-month low of $30.66 and a 12-month high of $47.08. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $41.80 and a 200 day moving average price of $40.60.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, February 3rd. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. German American Bancorp had a return on equity of 11.94% and a net margin of 23.75%. Research analysts forecast that German American Bancorp will post 2.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Piper Sandler dropped their price target on German American Bancorp from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens assumed coverage on German American Bancorp in a report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 price target for the company. Keefe, Bruyette & Woods raised their price target on German American Bancorp from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Hovde Group raised German American Bancorp from a “market perform” rating to an “outperform” rating and raised their price target for the company from $41.00 to $48.00 in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.40.

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.