German American Bancorp (NASDAQ: GABC) Expected To Post $51.37 Million In Quarterly Sales

German American Bancorp, Inc. (NASDAQ: GABC) will release a statement of their earnings on October 26. Their sales have ranged between $49.90 and $53 million presenting an annual rate of growth at 1.5%.

The sales calculations are conducted with the aid of sell-side research organizations’ analysis of NASDAQ: GABC. Stock market experts are, however, expecting an entire year’s sales report amounting to $205.23 million. NASDAQ: GABC will hopefully achieve $195.10 million pos- sales, stretching from $190.60 to $199 million in the upcoming economic year.

According to the previous report presented on July 27, NASDAQ:  GABC had soared above stock market estimation and earned $0.54 for every share. The total margin was 24.05% with a return amounting to 9.92% on equity. Though the stock market predicted $48.85 million in revenue, NASDAQ: GABC minted $5.088 million in this quarter.

NASDAQ: GABC “sell” rating from “hold” rating shares were found to be reduced in a Zacks Investment Research report on October 6. Piper Sandler settled on a rating that was “neutral” between $32 and $29 for NASDAQ: GABC on September 29. After several research notes by stock market analysts, German American Bancorp presently ensures a mediocre “hold” rating along with a $30.33 price objective.

NASDAQ: GABC Shareholders

NASDAQ: GABC insiders own about 7.81% of the total stock including 1,230 shares amounting to $33,223 in the preceding quarter. U Butch Kelm, Director of the German American Bancorp acquired 1,000 shares with a per-share amounting to $26.49 on September 22.

NASDAQ: GABC shares in possession of Goldman Sachs Group Inc. witnessed a spike of 10.1% during the second quarter. After purchasing 68,230 shares in the previous quarter, Goldman Sachs Group Inc. has a total investment of $23,122,000 comprising 743,461 shares of NASDAQ: GABC in the stock market.

First Trust Advisors LP holds 69,405 shares worth $2,158,000 after they acquired 48,410 shares previously.

375,848 shares are owned by Geode Capital Management LLC amounting to $10,317,000 after the last financial quarter purchase of 26,179 shares.

Vanguard Group Inc. recently added 19,085 shares to make a total of 1,246,782 shares amounting to $38,775,000 within the recent quarter.

Lastly, Boston Trust Walden Corp boasts of a total of 209,807 shares after they recently purchased 16,650 shares amounting to $6,525,000.

Overview of NASDAQ: GABC

This Friday, NASDAQ: GABC began stock market enterprise at $31.60 with their all-time high at $36.17 and lowest of $23.54. They showed a rate of $28.62 on 50 days along with a rate of $28.94 on 200 days. Their debt-to-equity rate is 0.37. NASDAQ: GABC stock market value stands at $837.34 million.

German American Bancorp provides banking services to the public via the German American Bank. Their three categories include Core Facilities for Banking, Insurance Services, and, Trust and Investment Advisory Operations.

The post German American Bancorp (NASDAQ: GABC) Expected To Post .37 Million In Quarterly Sales first appeared on Digital Market News.

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