This Indiana bank is rated ‘Strong Buy’ by Zacks, based on rising earnings estimates. It also pays a healthy annual dividend yield of 2.31%, paid quarterly.
German American Bancorp, Inc. (GABC)
From IQ Trends
German American Bancorp, Inc operates as the bank holding company for German American Bank, which 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. The Wealth Management segment provides trust, investment advisory, brokerage, and retirement planning services. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance products.
As of January 31, 2022, the company operated 78 banking offices in 19 contiguous southern Indiana counties, and 14 counties in Kentucky. German American Bancorp, Inc. was founded in 1910, is based in Jasper, Indiana, and has paid uninterrupted dividends since 1993.
Kelley Wright, IQ Trends, iqtrends.com/, firstname.lastname@example.org, 866.927.5250, Mid-February 2022