Wall Street analysts predict that Glacier Bancorp, Inc. (NASDAQ:GBCI) will announce $0.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Glacier Bancorp’s earnings, with estimates ranging from $0.49 to $0.63. Glacier Bancorp posted earnings of $0.41 per share during the same quarter last year, which would suggest a positive year over year growth rate of 29.3%. The company is expected to announce its next earnings report after the market closes on Thursday, April 19th.
According to Zacks, analysts expect that Glacier Bancorp will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.45. For the next financial year, analysts anticipate that the business will post earnings of $2.41 per share, with EPS estimates ranging from $2.28 to $2.57. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. The firm had revenue of $117.54 million for the quarter, compared to analysts’ expectations of $122.23 million.
A number of research analysts recently weighed in on GBCI shares. Zacks Investment Research upgraded shares of Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, January 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $41.00 target price on shares of Glacier Bancorp in a research note on Friday, December 22nd. Sandler O’Neill restated a “hold” rating and set a $41.00 target price on shares of Glacier Bancorp in a research note on Thursday, March 29th. SunTrust Banks restated a “buy” rating and set a $43.00 target price on shares of Glacier Bancorp in a research note on Tuesday, January 9th. Finally, ValuEngine upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.20.
GBCI opened at $37.97 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.85. Glacier Bancorp has a fifty-two week low of $31.38 and a fifty-two week high of $41.24. The firm has a market cap of $3,138.57, a P/E ratio of 21.70, a PEG ratio of 1.65 and a beta of 1.30.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Tuesday, April 10th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $0.92 annualized dividend and a yield of 2.42%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.21. Glacier Bancorp’s payout ratio is presently 52.57%.
In other Glacier Bancorp news, Director James M. English sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $41.01, for a total value of $205,050.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in GBCI. Legal & General Group Plc lifted its stake in Glacier Bancorp by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 154,855 shares of the bank’s stock worth $5,847,000 after purchasing an additional 7,386 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Glacier Bancorp by 11.0% in the 3rd quarter. Wells Fargo & Company MN now owns 304,006 shares of the bank’s stock worth $11,479,000 after purchasing an additional 30,019 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Glacier Bancorp by 6.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 421,134 shares of the bank’s stock worth $15,903,000 after purchasing an additional 25,242 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Glacier Bancorp by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,270,992 shares of the bank’s stock worth $85,752,000 after purchasing an additional 8,556 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Glacier Bancorp in the 3rd quarter worth $356,000. Institutional investors and hedge funds own 77.19% of the company’s stock.
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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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