Streetbeat News

GABC

German American Bancorp, Inc.

https://www.germanamerican.com

Industry

Banks - Regional

German American Bancorp, Inc. operates as a bank 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. The Wealth Management segment provides trust, investment advisory, brokerage, and retirement planning services. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance products. As of December 31, 2021, the company operated 77 banking offices in 19 contiguous southern Indiana counties; and 14 counties in Kentucky. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

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German American Bancorp reported Q3 earnings per share of $0.71, slightly surpassing the analyst estimate of $0.70. However, this represents a 2.74% decline from the previous year's earnings of $0.73 per share.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:49 pm

Stephens & Co. has initiated coverage on German American Bancorp (NASDAQ:GABC) with an Overweight rating and set a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:14 pm

Piper Sandler analyst Nathan Race maintains a Neutral rating on German American Bancorp (NASDAQ:GABC) and raises the price target from $34 to $44.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:56 pm

Raymond James analyst David Long maintains an Outperform rating on German American Bancorp (NASDAQ:GABC) and raises the price target from $40 to $44.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:52 pm

German American Bancorp (NASDAQ:GABC) reported Q2 earnings per share of $0.69, beating the analyst consensus estimate of $0.62 by 11.29%. However, this represents an 8% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:02 pm

German American Bancorp (NASDAQ:GABC) and Heartland BancCorp (OTCQX:HLAN) have announced a definitive merger agreement. The all-stock transaction is expected to close in Q1 of 2025, with Heartland Bank merging into German American Bank and operating under a co-branded name in Ohio.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:56 pm

German American Bancorp, Inc. (NASDAQ:GABC) has sold the assets of its subsidiary German American Insurance to Hilb Group for $40 million in an all-cash transaction. This sale results in a significant after-tax gain of approximately $27 million for GABC.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:59 pm

German American Bancorp (NASDAQ:GABC) reported Q1 earnings of $0.64 per share, meeting analyst consensus but marking a 9.86% decrease from the previous year's $0.71 per share.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:52 pm

German American Bancorp (NASDAQ:GABC) announced a quarterly dividend of 27 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout, which will be distributed on February 20, 2024. The stock is expected to open 27 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

Piper Sandler analyst Nathan Race maintains a Neutral rating on German American Bancorp (NASDAQ:GABC) and raises the price target from $34 to $36 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:23 pm

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