The price trend for German American Bancorp (GABC) has been bearish lately and the stock has lost 8.2% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wal ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: German American Bancorp (GABC) - GABC currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Price Performance - GABC shares have increased by 6.39% over the past week, outperforming the Zacks Banks - Midwest industry, which rose by 4.87% [5] - Over the past month, GABC's price change is 9.16%, compared to the industry's 10.41% [5] - In the last quarter, GABC shares rose by 16.16%, and over the past year, they gained 23.63%, while the S&P 500 increased by 8.91% and 20.56%, respectively [6] Trading Volume - GABC's average 20-day trading volume is 148,635 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, two earnings estimates for GABC have been revised upwards, increasing the consensus estimate from $2.51 to $2.63 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, GABC is identified as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [9]

Core Insights - Kuehn Law is investigating potential claims related to proposed mergers to ensure shareholder interests are maximized and material information is disclosed [1][2][3] Group 1: Proposed Mergers - German American Bancorp is set to merge with Heartland BancCorp, with an issuance of approximately 7.66 million shares of common stock as part of the transaction [1] - CBIZ has entered into a definitive agreement with Marcum, LLP, with a transaction valued at around $2.3 billion, half of which will be paid in cash and the other half in CBIZ common stock [2] - R1 RCM Inc. will be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice for $14.30 per share [2] - Cepton Inc. has agreed to a definitive agreement with KOITO MANUFACTURING CO. LTD. for $3.17 per share in cash [3] Group 2: Shareholder Engagement - Kuehn Law emphasizes the importance of shareholder participation in ensuring fairness and integrity in financial markets [3] - Shareholders are encouraged to contact Kuehn Law for assistance, as the firm covers all case costs and does not charge its clients [3]

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. View all Key Company Metrics for German American Bancorp here>>> German American Bancorp (GABC) reported $64.89 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.8%. EPS of $0.69 for the same period compares to $0.75 a year ago ...

This quarterly report represents an earnings surprise of 13.11%. A quarter ago, it was expected that this financial services holding company would post earnings of $0.64 per share when it actually produced earnings of $0.64, delivering no surprise. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While German American Bancorp has outperformed the market so far ...

Core Insights - German American Bancorp, Inc. reported strong second quarter earnings of $20.5 million, or $0.69 per share, reflecting an 8% increase on a per share basis from the previous quarter [1][24]. Financial Performance - The second quarter 2024 operating performance was characterized by a stabilized net interest margin of 3.34%, solid loan and deposit growth, and strong credit metrics [2][4][6]. - Total loans increased by approximately $65 million, or 7% on an annualized basis, with growth across virtually all loan categories [6][17]. - Total deposits rose by approximately $94 million, or 7% on an annualized basis, with non-interest-bearing accounts remaining at 27% of total deposits [5][21]. Non-Interest Income and Expenses - Non-interest income for the second quarter of 2024 totaled $18.9 million, a 20% increase compared to the first quarter of 2024, driven by strong growth in wealth management fees and interchange fee income [34][14]. - Non-interest expenses increased by $936,000, or 3%, compared to the first quarter of 2024, primarily due to professional fees related to the sale of the insurance subsidiary and the pending merger with Heartland BancCorp [42][47]. Strategic Initiatives - The company sold the assets of its wholly-owned subsidiary, German American Insurance, Inc., for $40 million, resulting in a $27.5 million after-tax gain [2][26]. - A restructuring of the securities portfolio was initiated, involving the sale of approximately $375 million in securities, which resulted in an after-tax loss of $27.2 million [2][10][41]. Asset Quality - Non-performing assets totaled $7.3 million, representing 0.12% of total assets, showing improvement from previous quarters [12][21]. - The allowance for credit losses was $43.9 million, representing 1.09% of period-end loans, indicating stable credit quality [18]. Capital Position - Total assets increased to $6.217 billion, with capital ratios remaining well above minimum requirements for capital adequacy [9][23]. - The company's capital ratios included a consolidated total capital ratio of 16.78% and a Tier 1 capital ratio of 15.19% as of June 30, 2024 [23].

Loans Held-for-Sale (1) Tangible Book Value per Share is defined as Total Shareholders' Equity less Goodwill and Other Intangible Assets divided by End of Period Shares Outstanding. | --- | --- | --- | |--------------------|----------------|-------| | | | | | Three Months Ended | | | | June 30, 2024 | March 31, 2024 | | June 30, 2023 June 30, 2024 June 30, 2023 INTEREST INCOME GERMAN AMERICAN BANCORP, INC. (unaudited, dollars in thousands except per share data) GERMAN AMERICAN BANCORP, INC. (unaudited, doll ...

| --- | --- | --- | --- | |-----------------------------------------------------------------------------------|-----------------|-----------------|-----------------| | | 6/30/2024 Ratio | 3/31/2024 Ratio | 6/30/2023 Ratio | | Total Capital (to Risk Weighted Assets) | | | | | Consolidated | 16.78% | 16.57% | 16.06% | | Bank | 14.52% | 14.53% | 14.50% | | Tier 1 (Core) Capital (to Risk Weighted Assets) | | | | | Consolidated | 15.19% | 14.97% | 14.50% | | Bank | 13.72% | 13.73% | 13.76% | | Common Tier 1 (CET ...

Earnings Outlook for German American Bancorp - German American Bancorp is expected to report a year-over-year decline in earnings, with a projected EPS of $0.61, reflecting an 18.7% decrease [10][12] - Revenues are anticipated to be $60.2 million, down 4.7% from the previous year [13] - The consensus EPS estimate has been revised 0.53% lower over the last 30 days, indicating a reassessment by analysts [13] Earnings Surprise Prediction - The company currently has a Zacks Rank of 4, suggesting it is not a compelling earnings-beat candidate [5][8] - The Earnings ESP for German American Bancorp is -0.54%, indicating analysts have become bearish on the company's earnings prospects [16] - Historical performance shows that the company has beaten consensus EPS estimates three out of the last four quarters [18] Comparison with Associated Banc-Corp - Associated Banc-Corp is expected to report an EPS of $0.52, which represents a year-over-year change of -7.1% [20] - Revenues for Associated Banc-Corp are projected to be $331.36 million, reflecting a 1% increase from the previous year [20] - The Earnings ESP for Associated Banc-Corp is also negative, making it difficult to predict an earnings beat [27]

JASPER, Ind., June 03, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) today announced and closed the sale of the assets of its wholly-owned subsidiary German American Insurance (GAI) to Hilb Group, an industry-leading insurance broker. The all-cash transaction is for $40 million, and creates a significant after-tax gain, net of transaction costs, of approximately $27 million. The purchase price represents approximately four times 2023 GAI revenues and approximately 24 times 2023 GAI a ...