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GABC

German American Bancorp NasdaqGS:GABC Stock Report

Last Price

US$35.16

Market Cap

US$1.0b

7D

-2.6%

1Y

-8.3%

Updated

26 Jun, 2022

Data

Company Financials +
GABC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

GABC Stock Overview

German American Bancorp, Inc. operates as a bank holding company for German American Bank that provides retail and commercial banking services.

German American Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for German American Bancorp
Historical stock prices
Current Share PriceUS$35.16
52 Week HighUS$43.79
52 Week LowUS$34.19
Beta0.65
1 Month Change-7.23%
3 Month Change-10.26%
1 Year Change-8.29%
3 Year Change16.73%
5 Year Change3.14%
Change since IPO643.78%

Recent News & Updates

Shareholder Returns

GABCUS BanksUS Market
7D-2.6%3.7%6.6%
1Y-8.3%-17.7%-18.4%

Return vs Industry: GABC exceeded the US Banks industry which returned -17.7% over the past year.

Return vs Market: GABC exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is GABC's price volatile compared to industry and market?
GABC volatility
GABC Average Weekly Movement3.1%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: GABC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GABC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1910894D. Daubyhttps://www.germanamerican.com

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.

German American Bancorp Fundamentals Summary

How do German American Bancorp's earnings and revenue compare to its market cap?
GABC fundamental statistics
Market CapUS$1.04b
Earnings (TTM)US$73.65m
Revenue (TTM)US$228.64m

14.1x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GABC income statement (TTM)
RevenueUS$228.64m
Cost of RevenueUS$0
Gross ProfitUS$228.64m
Other ExpensesUS$155.00m
EarningsUS$73.65m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.50
Gross Margin100.00%
Net Profit Margin32.21%
Debt/Equity Ratio24.1%

How did GABC perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GABC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GABC?

Other financial metrics that can be useful for relative valuation.

GABC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does GABC's PE Ratio compare to its peers?

GABC PE Ratio vs Peers
The above table shows the PE ratio for GABC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.6x
NIC Nicolet Bankshares
14.9x24.7%US$992.5m
OCFC OceanFirst Financial
11.3x27.7%US$1.1b
LBAI Lakeland Bancorp
11x16.2%US$951.6m
QCRH QCR Holdings
9.1x14.8%US$947.0m
GABC German American Bancorp
14.1x17.5%US$1.0b

Price-To-Earnings vs Peers: GABC is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (11.6x).


Price to Earnings Ratio vs Industry

How does GABC's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: GABC is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the US Banks industry average (9.6x)


Price to Earnings Ratio vs Fair Ratio

What is GABC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GABC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: GABC is good value based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (15x).


Share Price vs Fair Value

What is the Fair Price of GABC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GABC ($35.16) is trading below our estimate of fair value ($78.63)

Significantly Below Fair Value: GABC is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: GABC is good value based on its PEG Ratio (0.8x)


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Future Growth

How is German American Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GABC's forecast earnings growth (17.5% per year) is above the savings rate (1.9%).

Earnings vs Market: GABC's earnings (17.5% per year) are forecast to grow faster than the US market (13.9% per year).

High Growth Earnings: GABC's earnings are forecast to grow, but not significantly.

Revenue vs Market: GABC's revenue (8.4% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: GABC's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GABC's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has German American Bancorp performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GABC has high quality earnings.

Growing Profit Margin: GABC's current net profit margins (32.2%) are lower than last year (34.1%).


Past Earnings Growth Analysis

Earnings Trend: GABC's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: GABC's earnings growth over the past year (6.3%) is below its 5-year average (15.9% per year).

Earnings vs Industry: GABC earnings growth over the past year (6.3%) underperformed the Banks industry 20.7%.


Return on Equity

High ROE: GABC's Return on Equity (11.3%) is considered low.


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Financial Health

How is German American Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GABC's Assets to Equity ratio (10.3x) is moderate.

Allowance for Bad Loans: GABC has a sufficient allowance for bad loans (294%).

Low Risk Liabilities: 96% of GABC's liabilities are made up of primarily low risk sources of funding.

Loan Level: GABC has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: GABC's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: GABC has an appropriate level of bad loans (0.4%).


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Dividend

What is German American Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.62%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GABC's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: GABC's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (4.24%).


Stability and Growth of Payments

Stable Dividend: GABC's dividends per share have been stable in the past 10 years.

Growing Dividend: GABC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.6%), GABC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

D. Dauby (57 yo)

1.42yrs

Tenure

US$971,586

Compensation

Mr. D. Neil Dauby has been Chief Executive Officer of German American Bancorp, Inc. and German American Bank since January 1, 2022. He serves as President at German American Bancorp, Inc. since January 01,...


CEO Compensation Analysis

Compensation vs Market: D.'s total compensation ($USD971.59K) is below average for companies of similar size in the US market ($USD4.02M).

Compensation vs Earnings: D.'s compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GABC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: GABC's board of directors are seasoned and experienced ( 11.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GABC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.1%.


Top Shareholders

Company Information

German American Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: German American Bancorp, Inc.
  • Ticker: GABC
  • Exchange: NasdaqGS
  • Founded: 1910
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$1.037b
  • Shares outstanding: 29.48m
  • Website: https://www.germanamerican.com

Number of Employees


Location

  • German American Bancorp, Inc.
  • 711 Main Street
  • Box 810
  • Jasper
  • Indiana
  • 47546
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.