Glacier Bancorp, Inc. (NASDAQ:GBCI) is scheduled to release its earnings data after the market closes on Thursday, July 20th. Analysts expect Glacier Bancorp to post earnings of $0.43 per share for the quarter.
Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, April 20th. The bank reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $105.95 million for the quarter, compared to the consensus estimate of $112.10 million. Glacier Bancorp had a net margin of 27.12% and a return on equity of 10.94%. During the same quarter last year, the firm posted $0.38 earnings per share. On average, analysts expect Glacier Bancorp to post $1.77 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Glacier Bancorp, Inc. (NASDAQ GBCI) opened at 35.62 on Tuesday. The stock has a market cap of $2.73 billion, a P/E ratio of 22.00 and a beta of 1.45. Glacier Bancorp, Inc. has a 1-year low of $25.90 and a 1-year high of $38.17. The firm’s 50-day moving average is $34.43 and its 200-day moving average is $34.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Wednesday, July 12th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, July 10th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 51.85%.
GBCI has been the topic of several analyst reports. Zacks Investment Research raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Monday, April 3rd. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $37.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods set a $36.00 price objective on shares of Glacier Bancorp and gave the company a “hold” rating in a research report on Monday, June 26th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.33.
In related news, Director James M. English sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $36.65, for a total transaction of $91,625.00. Following the transaction, the director now directly owns 20,181 shares of the company’s stock, valued at $739,633.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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