Wall Street brokerages expect Glacier Bancorp, Inc. (NASDAQ:GBCI) to report $129.25 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Glacier Bancorp’s earnings. The lowest sales estimate is $126.00 million and the highest is $136.40 million. Glacier Bancorp reported sales of $105.95 million during the same quarter last year, which indicates a positive year over year growth rate of 22%. The business is expected to announce its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Glacier Bancorp will report full year sales of $129.25 million for the current fiscal year, with estimates ranging from $536.60 million to $563.00 million. For the next fiscal year, analysts forecast that the business will report sales of $585.80 million per share, with estimates ranging from $577.20 million to $594.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share (EPS) 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.
A number of equities research analysts have issued reports on GBCI shares. BidaskClub raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research raised Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, January 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $43.00 price target on shares of Glacier Bancorp in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 price target on shares of Glacier Bancorp in a research report on Friday, December 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $41.25.
In other Glacier Bancorp news, Director James M. English sold 5,000 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $41.01, for a total value of $205,050.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.65% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Glacier Bancorp by 45.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock worth $182,000 after acquiring an additional 1,454 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Glacier Bancorp by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 24,626 shares of the bank’s stock worth $970,000 after acquiring an additional 1,496 shares in the last quarter. Advisor Group Inc. raised its position in shares of Glacier Bancorp by 34.6% during the 4th quarter. Advisor Group Inc. now owns 5,857 shares of the bank’s stock worth $231,000 after acquiring an additional 1,505 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Glacier Bancorp by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 333,049 shares of the bank’s stock worth $13,119,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Trust Co raised its position in shares of Glacier Bancorp by 21.6% during the 3rd quarter. Trust Co now owns 9,850 shares of the bank’s stock worth $372,000 after acquiring an additional 1,750 shares in the last quarter. 81.75% of the stock is currently owned by institutional investors.
Glacier Bancorp (NASDAQ GBCI) traded up $0.53 during mid-day trading on Friday, reaching $40.70. The company’s stock had a trading volume of 301,249 shares, compared to its average volume of 326,162. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3,170.00, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.82 and a beta of 1.34. Glacier Bancorp has a 52 week low of $31.38 and a 52 week high of $41.24.
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Glacier Bancorp Company Profile
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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