Brokerages Expect Glacier Bancorp, Inc. (GBCI) to Post $0.46 EPS
Equities research analysts forecast that Glacier Bancorp, Inc. (NASDAQ:GBCI) will post $0.46 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for Glacier Bancorp’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.44. Glacier Bancorp reported earnings per share of $0.41 in the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The firm is scheduled to issue its next earnings report on Thursday, January 25th.
On average, analysts expect that Glacier Bancorp will report full year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.81. For the next year, analysts forecast that the firm will report earnings of $1.99 per share, with EPS estimates ranging from $1.91 to $2.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $120.00 million for the quarter, compared to analysts’ expectations of $121.07 million. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%.
Several research analysts recently commented on GBCI shares. Piper Jaffray Companies restated a “hold” rating and issued a $37.00 price target on shares of Glacier Bancorp in a report on Wednesday, July 12th. BidaskClub downgraded shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $36.00 price target on shares of Glacier Bancorp in a report on Thursday, July 27th. Finally, SunTrust Banks, Inc. set a $41.00 price target on shares of Glacier Bancorp and gave the company a “buy” rating in a report on Saturday, October 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $38.33.
Glacier Bancorp (NASDAQ GBCI) traded down $1.14 during trading on Tuesday, hitting $36.58. 315,085 shares of the company’s stock traded hands, compared to its average volume of 328,024. The firm has a market cap of $2,960.36, a PE ratio of 22.06, a P/E/G ratio of 2.13 and a beta of 1.45. Glacier Bancorp has a one year low of $27.31 and a one year high of $38.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81.
In other Glacier Bancorp news, Director Michael J. Blodnick sold 45,060 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total value of $1,706,872.80. Following the sale, the director now directly owns 27,576 shares in the company, valued at $1,044,578.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.65% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LS Investment Advisors LLC grew its stake in Glacier Bancorp by 4.9% during the 2nd quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after acquiring an additional 134 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Glacier Bancorp by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after buying an additional 283 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Glacier Bancorp by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock worth $135,000 after purchasing an additional 947 shares during the last quarter. Advisor Group Inc. lifted its holdings in Glacier Bancorp by 23.7% in the 2nd quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock worth $142,000 after purchasing an additional 744 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in Glacier Bancorp in the 2nd quarter worth approximately $183,000. Hedge funds and other institutional investors own 81.16% 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 December 31, 2016, it provided banking services from approximately 140 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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