Glacier Bancorp, Inc. (NASDAQ:GBCI) – Investment analysts at DA Davidson lowered their FY2018 EPS estimates for Glacier Bancorp in a note issued to investors on Monday. DA Davidson analyst J. Rulis now expects that the bank will earn $2.00 per share for the year, down from their prior forecast of $2.05.

A number of other equities analysts have also recently weighed in on GBCI. SunTrust Banks, Inc. set a $41.00 price target on Glacier Bancorp and gave the stock a “buy” rating in a report on Saturday. Piper Jaffray Companies set a $38.00 price target on Glacier Bancorp and gave the stock a “hold” rating in a report on Saturday. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price target on shares of Glacier Bancorp in a report on Friday, September 29th. Finally, BidaskClub cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $38.33.

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Shares of Glacier Bancorp (NASDAQ GBCI) traded down 0.57% on Wednesday, reaching $36.71. 200,099 shares of the company were exchanged. Glacier Bancorp has a 1-year low of $27.31 and a 1-year high of $38.18. The stock has a market capitalization of $2.86 billion, a PE ratio of 22.25 and a beta of 1.49. The company has a 50-day moving average price of $35.74 and a 200 day moving average price of $34.81.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. The company had revenue of $120.00 million during the quarter, compared to the consensus estimate of $121.07 million.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, September 20th. Glacier Bancorp’s dividend payout ratio is presently 48.84%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBCI. LS Investment Advisors LLC boosted its holdings in Glacier Bancorp by 4.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock worth $105,000 after acquiring an additional 134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Glacier Bancorp by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock worth $116,000 after acquiring an additional 283 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Glacier Bancorp by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock worth $135,000 after acquiring an additional 947 shares during the period. Advisor Group Inc. boosted its holdings in Glacier Bancorp by 23.7% in the 2nd quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock worth $142,000 after acquiring an additional 744 shares during the period. Finally, Fiduciary Trust Co. purchased a new position in Glacier Bancorp in the 2nd quarter worth approximately $183,000. Hedge funds and other institutional investors own 81.09% of the company’s stock.

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.

Earnings History and Estimates for Glacier Bancorp (NASDAQ:GBCI)

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