Glacier Bancorp (NASDAQ:GBCI) Earning Somewhat Positive Press Coverage, Report Finds
Press coverage about Glacier Bancorp (NASDAQ:GBCI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Glacier Bancorp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.7176075940241 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Glacier Bancorp, Inc. (GBCI) Position Up in Latest Report from Neuberger Berman Group LLC Last Quarter (highlightpress.com)
- $121.07 Million in Sales Expected for Glacier Bancorp, Inc. (GBCI) This Quarter (americanbankingnews.com)
- Capital One National Association Buys 3984 Shares of Veeva Systems Inc. (VEEV) (overnewsmagazine.com)
- $0.48 Earnings Per Share Expected for Glacier Bancorp, Inc. (NASDAQ:GBCI) This Quarter (americanbankingnews.com)
Shares of Glacier Bancorp (GBCI) traded down 0.92% during mid-day trading on Friday, hitting $33.56. The company’s stock had a trading volume of 381,190 shares. The stock has a market cap of $2.62 billion, a PE ratio of 20.34 and a beta of 1.44. Glacier Bancorp has a 1-year low of $27.31 and a 1-year high of $38.17. The company has a 50-day moving average price of $35.50 and a 200-day moving average price of $34.90.
Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. The firm had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.60 million. During the same quarter last year, the business posted $0.40 earnings per share. Analysts predict that Glacier Bancorp will post $1.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Wednesday, July 12th were paid a $0.21 dividend. The ex-dividend date was Monday, July 10th. This represents a $0.84 annualized dividend and a yield of 2.50%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 50.91%.
A number of analysts have weighed in on GBCI shares. Piper Jaffray Companies reduced their price target on Glacier Bancorp from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 price target on shares of Glacier Bancorp in a research report on Thursday, July 27th. BidaskClub cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.
In other Glacier Bancorp news, Director James M. English sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $36.65, for a total transaction of $91,625.00. Following the completion of the sale, the director now directly owns 20,181 shares in the company, valued at $739,633.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.65% of the company’s stock.
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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