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It seems to be a wise idea to add the German American Bancorp, Inc. GABC stock to your portfolio now. Supported by the rise in loan balances, the company has grown organically over the past few years. Also, its inorganic expansion initiatives are impressive and are expected to aid the top line.
Analysts seem optimistic regarding the company’s earnings growth prospects. Over the past 30 days, the Zacks Consensus Estimate for GABC’s current-year earnings has been revised 8% upward. Thus, the stock currently sports a Zacks Rank #1 (Strong Buy).
Looking at its price performance, GABC shares have gained 20.6% over the past six months compared with the industry’s rally of 14.3%.
A few factors mentioned below make German American an attractive investment option now.
Earnings Strength: The company recorded earnings growth of 7.5% over the last three to five years. While earnings are projected to decline 7.2% this year, the trend will reverse post that. In 2025, the company’s earnings are projected to grow 10.8%.
GABC has an impressive earnings surprise history. Its earnings have surpassed the Zacks Consensus Estimate in three and matched in one of the trailing four quarters, with an average beat of 7.4%.
Revenue Growth: Supported by growth in loan balances, GABC’s revenues have witnessed a compound annual growth rate of 10.6% over the last five years (2018-2023). While the company’s revenues are expected to decline 1.1% in 2024 amid the tough operating backdrop, the metric is projected to rise 33.8% in 2025.
Robust Inorganic Growth Strategies: German American’s capital strength has been helping it to grow inorganically. In July 2024, the company announced an agreement to merge with Heartland BancCorp, a deal that is consistent with GABC’s strategy to enhance scale and diversify its footprint by expanding into Columbus, OH, and Greater Cincinnati.
In January 2022, GABC completed the acquisition of Citizens Union Bancorp of Shelbyville, Inc. and in 2019, it acquired Citizens First Corporation. In 2018, GABC acquired First Security and its subsidiary, First Security Bank, which has been accretive to its earnings.
German American expects to continue to evaluate opportunities to expand business through the opening of new banking, insurance or trust, brokerage and financial planning offices, and acquisitions of other banks.
Strong Leverage: The company currently has a debt/equity ratio of 0.24, which is slightly below the industry average of 0.27. The relatively strong financial health of the company is likely to help it perform better than its peers in a dynamic business environment.
Superior Return on Equity : GABC has an ROE of 12.97%, higher than the industry average of 10.94%. This shows that the company reinvests its cash more efficiently than its peers.
Other Stocks to Consider
A couple of other top-ranked stocks from the finance space are Sierra Bancorp BSRR and Northrim BanCorp, Inc. NRIM. BSRR currently sports a Zacks Rank #1 and NRIM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Sierra Bancorp’s current-year earnings estimates have been revised 12.7% upward over the past 60 days. BSRR shares have gained 51.7% over the past six months.
The consensus estimate for Northrim’s current-year earnings has been revised 4.7% upward over the past 60 days. Over the past six months, NRIM’s share price has increased 27.8%.
Zacks Investment Research
Reporter Name | Relationship | Type | Amount | SEC Filing |
---|---|---|---|---|
Ellspermann Susan J | Director | Purchase | $13,317 | Form 4 |
Bawel Zachary W | Director | Purchase | $19,211 | Form 4 |
Susan J Ellspermann and Zachary W Bawel, Directors at German American Bancorp, have both increased their holdings in the company through recent purchases of common stock.
Susan J Ellspermann purchased 348 shares of Common Stock on August 15, 2024, at a price of $38.2696 per share, totaling $13,317. Following this transaction, Ellspermann directly owns 8,485 shares of the company. The purchase was made through the Company's Dividend Reinvestment and Stock Purchase Plan.
Zachary W Bawel purchased 502 shares of Common Stock on the same date, at the same price of $38.2696 per share, totaling $19,211. After this purchase, Bawel directly owns 20,162 shares of the company. This transaction was also made through the Company's Dividend Reinvestment and Stock Purchase Plan.
Aug 19 (Reuters) - U.S. regional bank mergers have ticked up this year and are expected to remain robust as the lenders seek stronger balance sheets to compete better against larger rivals.
There have been 38 regional bank deals this year, compared with 29 during the same period in 2023, according to Dealogic data.
Here is an overview of the biggest deals in the space this year:
Target | Acquirer | Deal value | Date |
---|---|---|---|
Independent Bank Group IBTX.O | SouthState Corp SSB.N | $2 billion | May 20 |
UMB Financial Corp UMBF.O | $2 billion | April 29 | |
Renasant Corp RNST.N | $1.2 billion | July 29 | |
WesBanco WSBC.O | $959 million | July 26 | |
Macatawa Bank Corp MCBC.O | Wintrust Financial WTFC.O | $510.3 million | April 15 |
German American Bancorp GABC.O | $330.2 million | July 29 | |
United Bankshares UBSI.O | $267 million | May 10 | |
Southern California Bancorp BCAL.O* | $233.6 million | Jan 30 |
* Merger of equals
Source: Dealogic
Note: Data as of Aug 2.
(Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila)
(( Manya.Saini@thomsonreuters.com ; X: manya__saini;))
Keywords: USA-REGIONAL BANKS/CONSOLIDATION (FACTBOX)
The price trend for German American Bancorp 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 Wall Street analysts about the future earnings of this financial services holding company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
Understanding Hammer Chart and the Technique to Trade It
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Makes the Trend Reversal More Likely for GABC
There has been an upward trend in earnings estimate revisions for GABC lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.
The consensus EPS estimate for the current year has increased 8% over the last 30 days. This means that the Wall Street analysts covering GABC are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
If this is not enough, you should note that GABC currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here
Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of German American Bancorp, a Zacks Rank of 1 is a more conclusive fundamental indication of a potential turnaround.
Zacks Investment Research
NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
German American Bancorp, Inc. (NASDAQ: GABC)’s merger with Heartland BancCorp. Based on the number of Heartland common shares expected to be outstanding at closing, German American would issue approximately 7.66 million shares of its common stock in connection with the proposed transaction. If you are a German American shareholder, click here to learn more about your legal rights and options.
CBIZ, Inc. (NYSE: CBZ)’s merger with the non-attest business of Marcum, LLP. The proposed cash-and-stock transaction is valued at approximately $2.3 billion. It is expected that approximately half of the proposed transaction consideration will be paid in cash and the remainder shares of CBIZ common stock. If you are a CBIZ shareholder, click here to learn more about your rights and options.
R1 RCM Inc. (NASDAQ: RCM)’s sale to investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice for $14.30 per share. If you are a R1 shareholder, click here to learn more about your rights and options.
Cepton, Inc. (NASDAQ: CPTN)’s sale to KOITO MANUFACTURING CO., LTD. for $3.17 per share in cash. If you are a Cepton shareholder, click here to learn more about your legal rights and options.
Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:Halper Sadeh LLCDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060sadeh@halpersadeh.comzhalper@halpersadeh.comhttps://www.halpersadeh.com
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at German American Bancorp , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. German American Bancorp currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here
Set to Beat the Market?
In order to see if GABC is a promising momentum pick, let's examine some Momentum Style elements to see if this financial services holding company holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For GABC, shares are up 6.39% over the past week while the Zacks Banks - Midwest industry is up 4.87% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.16% compares favorably with the industry's 10.41% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of German American Bancorp have increased 16.16% over the past quarter, and have gained 23.63% in the last year. In comparison, the S&P 500 has only moved 8.91% and 20.56%, respectively.
Investors should also pay attention to GABC's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. GABC is currently averaging 148,635 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with GABC.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost GABC's consensus estimate, increasing from $2.51 to $2.63 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that GABC is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep German American Bancorp on your short list.
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