Glacier Bancorp Inc. (GBCI) to Release Earnings on Thursday
Glacier Bancorp Inc. (NASDAQ:GBCI) will announce its earnings results 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 earnings results on Thursday, July 21st. The company reported $0.40 EPS 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.
Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) opened at 27.79 on Wednesday. The stock has a market capitalization of $2.12 billion, a PE ratio of 17.85 and a beta of 1.47. The stock has a 50 day moving average of $28.71 and a 200-day moving average of $27.22. Glacier Bancorp Inc. has a one year low of $21.90 and a one year high of $30.12.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Tuesday, October 11th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, October 6th. Glacier Bancorp’s payout ratio is 51.28%.
A number of research firms recently weighed in on GBCI. Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. FIG Partners lowered shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.25.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System raised its position in shares of Glacier Bancorp by 1.5% in the second quarter. Arizona State Retirement System now owns 39,596 shares of the company’s stock valued at $1,052,000 after buying an additional 600 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Glacier Bancorp by 0.6% in the second quarter. Westwood Holdings Group Inc. now owns 429,980 shares of the company’s stock valued at $11,429,000 after buying an additional 2,525 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Glacier Bancorp by 6.4% in the second quarter. Guggenheim Capital LLC now owns 68,816 shares of the company’s stock valued at $1,830,000 after buying an additional 4,109 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Glacier Bancorp by 10.1% in the second quarter. Parametric Portfolio Associates LLC now owns 53,763 shares of the company’s stock valued at $1,429,000 after buying an additional 4,938 shares in the last quarter. Finally, Citadel Advisors LLC raised 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 valued at $268,000 after buying an additional 603 shares in the last quarter. 75.60% of the stock is owned by institutional investors.
Glacier Bancorp Company Profile
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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