Equities analysts predict that Glacier Bancorp, Inc. (NASDAQ:GBCI) will report $0.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Glacier Bancorp’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.63. Glacier Bancorp posted earnings of $0.41 per share during the same quarter last year, which suggests a positive year over year growth rate of 29.3%. The firm is scheduled to report its next earnings report on Thursday, April 19th.
On average, analysts expect that Glacier Bancorp will report full year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.11 to $2.45. For the next financial year, analysts forecast that the company will post earnings of $2.41 per share, with EPS estimates ranging from $2.28 to $2.57. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). Glacier Bancorp had a return on equity of 11.46% and a net margin of 23.88%. The firm had revenue of $117.54 million for the quarter, compared to analyst estimates of $122.23 million.
Several brokerages recently commented on GBCI. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 price target on shares of Glacier Bancorp in a research note on Wednesday, November 29th. Finally, BidaskClub raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.25.
Shares of Glacier Bancorp (NASDAQ:GBCI) opened at $40.39 on Tuesday. Glacier Bancorp has a fifty-two week low of $31.38 and a fifty-two week high of $41.23. The firm has a market capitalization of $3,150.00, a P/E ratio of 26.93, a PEG ratio of 1.80 and a beta of 1.38. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.
In related news, Director Michael J. Blodnick sold 25,338 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $38.38, for a total value of $972,472.44. Following the sale, the director now owns 25,497 shares of the company’s stock, valued at approximately $978,574.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $38.29, for a total value of $459,480.00. Following the completion of the sale, the insider now directly owns 30,270 shares in the company, valued at approximately $1,159,038.30. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC acquired a new position in Glacier Bancorp in the fourth quarter worth $1,417,000. Dean Capital Management acquired a new position in Glacier Bancorp in the fourth quarter worth $3,465,000. Financial Advocates Investment Management acquired a new position in Glacier Bancorp in the fourth quarter worth $233,000. Zeke Capital Advisors LLC acquired a new position in Glacier Bancorp in the fourth quarter worth $211,000. Finally, LPL Financial LLC boosted its stake in Glacier Bancorp by 96.2% in the fourth quarter. LPL Financial LLC now owns 19,642 shares of the bank’s stock worth $774,000 after purchasing an additional 9,630 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors.
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About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 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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