Glacier Bancorp Inc. (NASDAQ:GBCI) will be issuing its quarterly earnings data after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Glacier Bancorp had a net margin of 27.17% and a return on equity of 10.82%. On average, analysts expect Glacier Bancorp to post $1.63 EPS for the current fiscal year and $1.78 EPS for the next fiscal year.
Glacier Bancorp Inc. (NASDAQ:GBCI) opened at 27.76 on Tuesday. The stock has a market cap of $2.11 billion, a PE ratio of 17.83 and a beta of 1.47. The stock has a 50 day moving average price of $28.76 and a 200-day moving average price of $27.20. Glacier Bancorp Inc. has a 12 month low of $21.90 and a 12 month high of $30.12.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Tuesday, October 11th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.88%. Glacier Bancorp’s dividend payout ratio (DPR) is 51.28%.
A number of hedge funds and other institutional investors have recently modified their holdings of GBCI. Pacad Investment Ltd. bought a new position in shares of Glacier Bancorp during the second quarter worth approximately $100,000. Citadel Advisors LLC increased its position in shares of Glacier Bancorp by 6.4% in the second quarter. Citadel Advisors LLC now owns 10,093 shares of the company’s stock worth $268,000 after buying an additional 603 shares during the last quarter. US Bancorp DE increased its position in shares of Glacier Bancorp by 8.5% in the second quarter. US Bancorp DE now owns 15,796 shares of the company’s stock worth $420,000 after buying an additional 1,232 shares during the last quarter. Profund Advisors LLC increased its position in shares of Glacier Bancorp by 2.1% in the second quarter. Profund Advisors LLC now owns 16,573 shares of the company’s stock worth $441,000 after buying an additional 334 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Glacier Bancorp by 9.4% in the second quarter. Raymond James & Associates now owns 20,873 shares of the company’s stock valued at $555,000 after buying an additional 1,789 shares during the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.
A number of brokerages have recently weighed in on GBCI. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. FIG Partners downgraded Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Glacier Bancorp has a consensus rating of “Hold” and a consensus price target of $27.25.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company 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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