Analysts expect Glacier Bancorp, Inc. (NASDAQ:GBCI) to announce earnings of $0.58 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Glacier Bancorp’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.53. Glacier Bancorp posted earnings per share of $0.59 in the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The company is expected to announce its next earnings results on Thursday, January 23rd.
On average, analysts expect that Glacier Bancorp will report full year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.30 to $2.41. For the next financial year, analysts forecast that the business will post earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.54. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.02). Glacier Bancorp had a return on equity of 13.38% and a net margin of 30.85%. The firm had revenue of $174.50 million for the quarter, compared to the consensus estimate of $157.11 million.
GBCI has been the subject of a number of recent analyst reports. SunTrust Banks cut their price target on shares of Glacier Bancorp from $42.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Stephens set a $40.00 price target on shares of Glacier Bancorp and gave the stock a “hold” rating in a report on Thursday. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, October 5th. Finally, Zacks Investment Research downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $41.67.
Shares of Glacier Bancorp stock traded down $0.20 on Monday, reaching $42.10. 575,164 shares of the stock were exchanged, compared to its average volume of 300,107. The firm’s 50 day moving average is $40.37 and its 200-day moving average is $40.52. Glacier Bancorp has a one year low of $36.84 and a one year high of $47.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $3.54 billion, a PE ratio of 19.40 and a beta of 1.17.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Monday, October 7th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.27. Glacier Bancorp’s dividend payout ratio is 53.46%.
A number of large investors have recently modified their holdings of the stock. Northern Trust Corp lifted its stake in Glacier Bancorp by 2.5% in the 2nd quarter. Northern Trust Corp now owns 1,278,591 shares of the bank’s stock valued at $51,847,000 after purchasing an additional 30,824 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Glacier Bancorp by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,247,033 shares of the bank’s stock valued at $50,567,000 after purchasing an additional 25,530 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Glacier Bancorp by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 626,316 shares of the bank’s stock valued at $25,398,000 after purchasing an additional 11,457 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Glacier Bancorp by 3.3% in the 2nd quarter. William Blair Investment Management LLC now owns 565,991 shares of the bank’s stock valued at $22,951,000 after purchasing an additional 18,019 shares during the last quarter. Finally, Dearborn Partners LLC lifted its stake in Glacier Bancorp by 5.1% in the 2nd quarter. Dearborn Partners LLC now owns 518,017 shares of the bank’s stock valued at $21,006,000 after purchasing an additional 25,060 shares during the last quarter. 77.10% of the stock is owned by institutional investors and hedge funds.
About Glacier Bancorp
Glacier Bancorp, Inc operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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