Analysts Anticipate Glacier Bancorp, Inc. (NASDAQ:GBCI) to Post $0.74 EPS

Equities analysts expect Glacier Bancorp, Inc. (NASDAQ:GBCI) to report earnings per share of $0.74 for the current quarter, Zacks reports. Three analysts have provided estimates for Glacier Bancorp’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.69. Glacier Bancorp posted earnings per share of $0.66 during the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 22nd.

On average, analysts expect that Glacier Bancorp will report full-year earnings of $2.86 per share for the current financial year, with EPS estimates ranging from $2.58 to $3.10. For the next year, analysts forecast that the firm will post earnings of $2.70 per share, with EPS estimates ranging from $2.46 to $2.92. 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 posted its quarterly earnings data on Wednesday, April 21st. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $196.93 million for the quarter, compared to analyst estimates of $201.70 million. Glacier Bancorp had a return on equity of 11.31% and a net margin of 31.94%.

Several equities analysts recently issued reports on GBCI shares. Stephens started coverage on Glacier Bancorp in a research note on Friday, February 19th. They set an “equal weight” rating on the stock. Zacks Investment Research upgraded Glacier Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, April 7th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Glacier Bancorp has an average rating of “Buy” and an average target price of $47.33.

Shares of Glacier Bancorp stock traded down $0.56 during trading on Wednesday, reaching $61.23. The company’s stock had a trading volume of 2,739 shares, compared to its average volume of 385,821. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 0.82. The business’s fifty day moving average price is $59.44 and its 200-day moving average price is $51.24. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 23.87 and a beta of 1.04. Glacier Bancorp has a one year low of $30.05 and a one year high of $67.35.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 22nd. Shareholders of record on Tuesday, April 13th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.03%. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, April 12th. Glacier Bancorp’s payout ratio is presently 52.10%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc boosted its holdings in Glacier Bancorp by 172.0% during the first quarter. NEXT Financial Group Inc now owns 476 shares of the bank’s stock valued at $27,000 after purchasing an additional 301 shares in the last quarter. Freedman Financial Associates Inc. acquired a new stake in Glacier Bancorp during the fourth quarter valued at approximately $29,000. Van ECK Associates Corp acquired a new stake in Glacier Bancorp during the first quarter valued at approximately $29,000. Graves Light Private Wealth Management Inc. acquired a new stake in Glacier Bancorp during the fourth quarter valued at approximately $48,000. Finally, Toronto Dominion Bank acquired a new stake in Glacier Bancorp during the fourth quarter valued at approximately $71,000. 68.09% of the stock is currently owned by institutional investors.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the bank 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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Earnings History and Estimates for Glacier Bancorp (NASDAQ:GBCI)

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