Glacier Bancorp (NASDAQ:GBCI) Posts Earnings Results, Beats Estimates By $0.02 EPS

Glacier Bancorp (NASDAQ:GBCI) issued its quarterly earnings data on Monday. The bank reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02, Briefing.com reports. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period in the previous year, the business earned $0.29 earnings per share.

Glacier Bancorp Price Performance

GBCI stock traded down $0.48 during midday trading on Monday, reaching $40.33. 134,162 shares of the stock were exchanged, compared to its average volume of 678,217. The stock has a market capitalization of $4.58 billion, a PE ratio of 24.16 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The company has a fifty day moving average price of $43.58 and a 200 day moving average price of $49.16. Glacier Bancorp has a 52 week low of $34.48 and a 52 week high of $60.67.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 79.04%.

Analyst Upgrades and Downgrades

GBCI has been the topic of a number of recent research reports. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Piper Sandler dropped their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Glacier Bancorp presently has an average rating of “Hold” and a consensus target price of $53.00.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the bank 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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.