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

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

German American Bancorp Stock Performance

German American Bancorp stock opened at $39.94 on Tuesday. The company has a 50 day moving average price of $41.94 and a 200-day moving average price of $40.56. The company has a market capitalization of $1.19 billion, a PE ratio of 14.42 and a beta of 0.65. German American Bancorp has a fifty-two week low of $30.66 and a fifty-two week high of $47.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GABC shares. Stephens initiated coverage on German American Bancorp in a research report on Tuesday, October 15th. They set an “overweight” rating and a $45.00 target price on the stock. Hovde Group upgraded shares of German American Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $48.00 in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of German American Bancorp from $43.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One 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 stock. Based on data from MarketBeat.com, German American Bancorp presently has an average rating of “Hold” and an average target price of $45.40.

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.