Wall Street brokerages expect Glacier Bancorp, Inc. (NASDAQ:GBCI) to report $0.58 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Glacier Bancorp’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.60. Glacier Bancorp reported earnings of $0.48 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, April 18th.
According to Zacks, analysts expect that Glacier Bancorp will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.40 to $2.48. For the next year, analysts anticipate that the firm will report earnings of $2.54 per share, with EPS estimates ranging from $2.39 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $144.37 million for the quarter, compared to analysts’ expectations of $148.02 million. Glacier Bancorp had a return on equity of 12.33% and a net margin of 30.94%.
GBCI has been the subject of a number of recent research reports. BidaskClub downgraded Glacier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. ValuEngine downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Finally, Stephens started coverage on shares of Glacier Bancorp in a research report on Monday, January 14th. They set an “equal weight” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Glacier Bancorp has an average rating of “Hold” and a consensus price target of $43.00.
A number of large investors have recently modified their holdings of GBCI. American Century Companies Inc. acquired a new stake in shares of Glacier Bancorp in the fourth quarter worth about $6,889,000. Geode Capital Management LLC boosted its stake in shares of Glacier Bancorp by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 963,015 shares of the bank’s stock worth $38,153,000 after acquiring an additional 95,121 shares in the last quarter. Norges Bank bought a new stake in shares of Glacier Bancorp during the 4th quarter worth about $21,232,000. FMR LLC increased its holdings in shares of Glacier Bancorp by 97.5% during the 4th quarter. FMR LLC now owns 1,722 shares of the bank’s stock valued at $68,000 after acquiring an additional 850 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Glacier Bancorp by 9.7% during the 4th quarter. Amalgamated Bank now owns 12,349 shares of the bank’s stock valued at $489,000 after acquiring an additional 1,095 shares during the last quarter. Hedge funds and other institutional investors own 80.33% of the company’s stock.
NASDAQ GBCI traded up $0.51 on Friday, reaching $42.42. The stock had a trading volume of 324,700 shares, compared to its average volume of 328,244. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.85. Glacier Bancorp has a 1 year low of $35.77 and a 1 year high of $47.67. The company has a market capitalization of $3.54 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, April 9th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, April 8th. Glacier Bancorp’s payout ratio is presently 47.93%.
Glacier Bancorp Company Profile
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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