Glacier Bancorp, Inc. (GBCI) Set to Announce Earnings on Wednesday
Glacier Bancorp, Inc. (NASDAQ:GBCI) will post its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect Glacier Bancorp to post earnings of $0.47 per share for the quarter.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The business had revenue of $113.91 million for the quarter, compared to analysts’ expectations of $115.60 million. Glacier Bancorp had a return on equity of 11.02% and a net margin of 27.30%. During the same period last year, the firm earned $0.40 earnings per share. On average, analysts expect Glacier Bancorp to post $1.78 EPS for the current fiscal year and $2.07 EPS for the next fiscal year.
Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) opened at 37.74 on Wednesday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 22.87 and a beta of 1.48. The firm’s 50-day moving average price is $34.76 and its 200-day moving average price is $34.53. Glacier Bancorp, Inc. has a one year low of $27.31 and a one year high of $38.18.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.23%. Glacier Bancorp’s payout ratio is currently 50.91%.
A number of equities analysts have weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $37.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, July 12th. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods set a $36.00 price target on shares of Glacier Bancorp and gave the stock a “hold” rating in a research report on Monday, August 28th. Finally, Zacks Investment Research cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th.
Glacier Bancorp Company Profile
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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