Glacier Bancorp (GBCI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Glacier Bancorp (NASDAQ:GBCI) released its earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.02, Analyst Ratings Net reports.
Shares of Glacier Bancorp (NASDAQ:GBCI) traded up 1.15% during mid-day trading on Thursday, hitting $27.27. 364,322 shares of the company’s stock traded hands. Glacier Bancorp has a 1-year low of $13.25 and a 1-year high of $25.17. The stock’s 50-day moving average is $24.21 and its 200-day moving average is $20.84. The company has a market cap of $2.007 billion and a P/E ratio of 23.24.
A number of research firms have recently commented on GBCI. Analysts at SunTrust raised their price target on shares of Glacier Bancorp from $27.00 to $28.00 in a research note to investors on Thursday, August 29th. They now have a “top pick” rating on the stock. On a related note, analysts at Zacks upgraded shares of Glacier Bancorp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $25.70 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Glacier Bancorp from $18.00 to $25.00 in a research note to investors on Monday, July 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Glacier Bancorp currently has a consensus rating of “Buy” and an average price target of $23.34.
Glacier Bancorp, Inc is a regional multi-bank holding company. As of December 31, 2012, the Company provided commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.
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