Glacier Bancorp (NYSE:GBCI – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.76 EPS for the quarter, FiscalAI reports. The company had revenue of $320.94 million during the quarter. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.
Glacier Bancorp Price Performance
Shares of GBCI traded down $0.53 during trading hours on Thursday, reaching $50.64. 1,649,694 shares of the stock traded hands, compared to its average volume of 1,056,781. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $49.52 and its two-hundred day moving average price is $48.27. The company has a market cap of $6.59 billion, a P/E ratio of 23.67 and a beta of 0.72. Glacier Bancorp has a 52-week low of $39.90 and a 52-week high of $54.58.
Glacier Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio is currently 61.68%.
Institutional Trading of Glacier Bancorp
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Stephens boosted their price target on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. DA Davidson lifted their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Glacier Bancorp in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.17.
View Our Latest Analysis on Glacier Bancorp
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.
Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.
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