For its first fiscal quarter (ending March 31), German American Bancorp Inc (NASDAQ: GABC) has reported a -10% decline in E.P.S. from $0.71 a year ago to $0.64 in the current quarter. This performance was $-0.00 short of the consensus estimate of $0.64. For the latest four quarters through March 31, E.P.S. were $2.85 compared to $3.18 a year ago — a decline of -10%.
Recent Price Action
German American Bancorp Inc (NASDAQ: GABC) stock declined slightly by -0.7% on 4/29/24. The stock closed at $32.03. However, this decline was accompanied by below average trading volume at 72% of normal. The stock has been strong relative to the market over the last nine months but has declined -3.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GABC is expected to continue to be a Value Builder.
German American Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. German American Bancorp has a neutral Appreciation Score of 51 but a good Power Rating of 80, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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