Stock analysts expect Glacier Bancorp, Inc. (NASDAQ:GBCI) to report earnings per share (EPS) of $0.48 for the current fiscal quarter, reports Zacks Investment Research. Three analysts have released earnings estimates for Glacier Bancorp, with estimates ranging from $0.41 to $0.53. Glacier Bancorp posted earnings of $0.86 per share in the same quarter last year, indicating a negative growth rate of 44.2% year-over-year. The company is expected to announce its next results after the market closes on Thursday, January 27.
On average, analysts expect Glacier Bancorp to report annual earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.85 to $3.18. For the next fiscal year, analysts expect the company to report earnings of $2.97 per share, with EPS estimates ranging from $2.80 to $3.25. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who follow Glacier Bancorp.
Glacier Bancorp Inc (NASDAQ:GBCI) last reported quarterly results on Wednesday, October 20. The bank reported earnings per share (EPS) of $0.79 for the quarter, beating the Zacks consensus estimate of $0.73 by $0.06. Glacier Bancorp had a return on equity of 13.52% and a net margin of 38.78%. The company posted revenue of $197.43 million in the quarter, versus a consensus estimate of $190.27 million. In the same period a year earlier, the company posted earnings per share of $0.81.
A number of equity analysts have weighed in on GBCI shares recently. Zacks Investment Research has upgraded Glacier Bancorp from a buy to a hold rating and has set a price target of $68.00 for the company. in a report on Tuesday, January 11. Truist Financial raised its target price on Glacier Bancorp from $60.00 to $64.00 and gave the stock a “buy” rating in a Tuesday, September 28 research note. Finally, DA Davidson raised his price target on Glacier Bancorp from $65.00 to $68.00 and gave the company a “buy” rating in a Monday, October 25 research report.
A number of hedge funds have recently changed their stock holdings. Xponance Inc. increased its position in shares of Glacier Bancorp by 3.4% in the third quarter. Xponance Inc. now owns 15,631 shares of the bank valued at $865,000 after purchasing an additional 516 shares during the period. SG Americas Securities LLC increased its stake in shares of Glacier Bancorp by 140.5% in the second quarter. SG Americas Securities LLC now owns 49,653 shares of the bank worth $2,735,000 after acquiring 29,008 additional shares last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Glacier Bancorp by 1.9% in the second quarter. UBS Asset Management Americas Inc. now owns 115,587 shares of the bank worth $6,367,000 after acquiring 2,155 additional shares last quarter. AXA SA acquired a new position in shares of Glacier Bancorp in the second quarter worth approximately $1,498,000. Finally, LPL Financial LLC increased its stake in Glacier Bancorp by 0.8% during the second quarter. LPL Financial LLC now owns 37,690 shares of the bank valued at $2,076,000 after buying 306 additional shares last quarter. 63.36% of the shares are held by hedge funds and other institutional investors.
GBCI shares were down $0.24 during Friday trading hours, hitting $54.16. 421,400 shares were traded, against an average volume of 353,471. The company has a leverage ratio of 0.07, a quick ratio of 0.62 and a current ratio of 0.63. Glacier Bancorp has a 12-month low of $46.34 and a 12-month high of $67.35. The company has a market capitalization of $5.99 billion, a price-earnings ratio of 16.36 and a beta of 0.91. The stock’s 50-day moving average price is $57.52 and its two-hundred-day moving average price is $55.00.
The company also recently declared a dividend, which was paid on Thursday, January 20. Shareholders of record on Tuesday, January 11 received a dividend of $0.10. The ex-dividend date was Monday, January 10. Glacier Bancorp’s dividend payout ratio is currently 38.67%.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company that provides commercial banking services. It operates through the following segments: residential real estate loans, home equity loans and other consumer loans. It offers retail banking, corporate banking, real estate, commercial, agricultural and consumer loans and mortgage loan origination services.
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