Wall Street analysts predict that Glacier Bancorp, Inc. (NASDAQ:GBCI) will announce earnings per share of $0.73 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Glacier Bancorp’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.66. Glacier Bancorp posted earnings per share of $0.81 in the same quarter last year, which indicates a negative year over year growth rate of 9.9%. The firm is expected to report its next earnings results after the market closes on Thursday, October 21st.
On average, analysts expect that Glacier Bancorp will report full year earnings of $2.84 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.97. For the next fiscal year, analysts expect that the firm will post earnings of $2.86 per share, with EPS estimates ranging from $2.79 to $3.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Wednesday, July 21st. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm had revenue of $190.99 million during the quarter, compared to the consensus estimate of $199.14 million. Glacier Bancorp had a net margin of 38.58% and a return on equity of 13.81%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 22nd. Investors of record on Tuesday, July 13th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 12th. This represents a $1.28 annualized dividend and a yield of 2.44%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.30. Glacier Bancorp’s dividend payout ratio (DPR) is currently 45.55%.
In other Glacier Bancorp news, Chairman Craig A. Langel purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, July 28th. The shares were acquired at an average cost of $51.55 per share, for a total transaction of $773,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp bought a new stake in shares of Glacier Bancorp in the 1st quarter valued at about $29,000. O Shaughnessy Asset Management LLC raised its position in Glacier Bancorp by 341.0% during the second quarter. O Shaughnessy Asset Management LLC now owns 688 shares of the bank’s stock worth $38,000 after acquiring an additional 532 shares during the period. NEXT Financial Group Inc grew its holdings in shares of Glacier Bancorp by 47.5% in the second quarter. NEXT Financial Group Inc now owns 702 shares of the bank’s stock valued at $39,000 after purchasing an additional 226 shares during the period. Capital Analysts LLC purchased a new position in Glacier Bancorp during the first quarter worth about $62,000. Finally, Toronto Dominion Bank boosted its stake in Glacier Bancorp by 72.2% during the second quarter. Toronto Dominion Bank now owns 1,443 shares of the bank’s stock worth $79,000 after buying an additional 605 shares during the period. Institutional investors own 71.90% of the company’s stock.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services. It operates through the following segments: Residential Real Estate Loans, Home Equity loans, and Other Consumer Loans. It offers retail banking, business banking, real estate, commercial, agriculture and consumer loans and mortgage origination services.
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