FY2018 EPS Estimates for Glacier Bancorp, Inc. (GBCI) Boosted by FIG Partners
Glacier Bancorp, Inc. (NASDAQ:GBCI) – Research analysts at FIG Partners boosted their FY2018 earnings per share estimates for Glacier Bancorp in a research note issued to investors on Friday. FIG Partners analyst T. Coffey now expects that the bank will post earnings per share of $2.45 for the year, up from their previous estimate of $2.30. FIG Partners also issued estimates for Glacier Bancorp’s FY2019 earnings at $2.57 EPS.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. The company had revenue of $117.54 million during the quarter, compared to the consensus estimate of $122.23 million.
Glacier Bancorp (GBCI) traded down $0.31 during midday trading on Monday, hitting $39.13. 70,594 shares of the company traded hands, compared to its average volume of 303,921. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Glacier Bancorp has a twelve month low of $31.38 and a twelve month high of $41.23. The company has a market capitalization of $3,104.68, a PE ratio of 25.98, a PEG ratio of 1.81 and a beta of 1.45.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Glacier Bancorp by 2.5% during the second quarter. Vanguard Group Inc. now owns 7,233,836 shares of the bank’s stock worth $264,832,000 after buying an additional 178,063 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Glacier Bancorp by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,270,992 shares of the bank’s stock worth $85,752,000 after buying an additional 8,556 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Glacier Bancorp by 2.4% in the second quarter. Wasatch Advisors Inc. now owns 1,822,570 shares of the bank’s stock valued at $66,724,000 after purchasing an additional 42,317 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Glacier Bancorp by 3.5% in the third quarter. Neuberger Berman Group LLC now owns 1,683,218 shares of the bank’s stock valued at $63,558,000 after purchasing an additional 57,397 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of Glacier Bancorp by 1.7% in the third quarter. King Luther Capital Management Corp now owns 1,510,922 shares of the bank’s stock valued at $57,052,000 after purchasing an additional 24,735 shares in the last quarter. 81.73% of the stock is owned by institutional investors.
In other news, Director Michael J. Blodnick sold 45,060 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total transaction of $1,706,872.80. Following the completion of the sale, the director now owns 27,576 shares of the company’s stock, valued at $1,044,578.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael J. Blodnick sold 25,338 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $38.38, for a total transaction of $972,472.44. Following the sale, the director now directly owns 25,497 shares of the company’s stock, valued at approximately $978,574.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,398 shares of company stock valued at $3,138,825. Corporate insiders own 0.65% of the company’s stock.
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About Glacier Bancorp
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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