Glacier Bancorp (NASDAQ:GBCI) released its earnings results on Thursday. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02), Bloomberg Earnings reports. Glacier Bancorp had a net margin of 30.85% and a return on equity of 13.38%. The firm had revenue of $174.50 million during the quarter, compared to the consensus estimate of $157.11 million.
Shares of Glacier Bancorp stock opened at $42.30 on Friday. The firm has a market capitalization of $3.54 billion, a PE ratio of 16.70 and a beta of 1.17. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $40.22 and its 200 day moving average is $40.50. Glacier Bancorp has a 1 year low of $36.84 and a 1 year high of $47.67.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were issued a dividend of $0.29 per share. The ex-dividend date was Monday, October 7th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.74%. Glacier Bancorp’s payout ratio is 53.46%.
Several equities research analysts recently issued reports on GBCI shares. SunTrust Banks decreased their price target on shares of Glacier Bancorp from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Stephens reaffirmed a “hold” rating and set a $40.00 price target on shares of Glacier Bancorp in a report on Wednesday, October 9th. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, October 5th. Finally, Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.67.
About Glacier Bancorp
Glacier Bancorp, Inc operates as the 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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