Wall Street analysts forecast that Glacier Bancorp, Inc. (NASDAQ:GBCI) will post sales of $129.25 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Glacier Bancorp’s earnings. The highest sales estimate is $136.40 million and the lowest is $126.00 million. Glacier Bancorp reported sales of $105.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 22%. The company is expected to announce its next quarterly earnings results on Thursday, April 19th.
On average, analysts expect that Glacier Bancorp will report full-year sales of $129.25 million for the current year, with estimates ranging from $536.60 million to $563.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $585.80 million per share, with estimates ranging from $577.20 million to $594.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.44 EPS for the quarter, missing the 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 analysts’ expectations of $122.23 million.
Glacier Bancorp (NASDAQ GBCI) traded down $0.13 during trading hours on Friday, reaching $40.78. The company’s stock had a trading volume of 311,378 shares, compared to its average volume of 324,271. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3,244.09, a price-to-earnings ratio of 27.09, a PEG ratio of 1.81 and a beta of 1.34. Glacier Bancorp has a one year low of $31.38 and a one year high of $41.24.
Several institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Glacier Bancorp during the fourth quarter valued at about $318,000. Envestnet Asset Management Inc. grew its stake in shares of Glacier Bancorp by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 333,049 shares of the bank’s stock valued at $13,119,000 after acquiring an additional 1,594 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Glacier Bancorp during the fourth quarter valued at about $1,417,000. Dean Capital Management acquired a new stake in shares of Glacier Bancorp during the fourth quarter valued at about $3,465,000. Finally, Financial Advocates Investment Management acquired a new stake in shares of Glacier Bancorp during the fourth quarter valued at about $233,000. Institutional investors own 81.75% 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 January 26, 2018, it provided banking services from 146 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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