Q4 2018 EPS Estimates for Glacier Bancorp, Inc. (GBCI) Reduced by Analyst
Glacier Bancorp, Inc. (NASDAQ:GBCI) – Investment analysts at FIG Partners reduced their Q4 2018 earnings estimates for Glacier Bancorp in a research report issued to clients and investors on Tuesday. FIG Partners analyst T. Coffey now expects that the bank will earn $0.54 per share for the quarter, down from their prior estimate of $0.55.
A number of other brokerages have also weighed in on GBCI. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price objective on shares of Glacier Bancorp in a report on Friday, September 29th. SunTrust Banks, Inc. set a $41.00 price objective on shares of Glacier Bancorp and gave the company a “buy” rating in a report on Saturday, October 21st. Piper Jaffray Companies set a $38.00 price objective on shares of Glacier Bancorp and gave the company a “hold” rating in a report on Saturday, October 21st. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.33.
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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. The business had revenue of $120.00 million for the quarter, compared to the consensus estimate of $121.07 million. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%.
A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its stake in Glacier Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 13,450 shares of the bank’s stock worth $492,000 after acquiring an additional 34 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Glacier Bancorp by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,141 shares of the bank’s stock worth $225,000 after acquiring an additional 93 shares in the last quarter. Arizona State Retirement System raised its stake in Glacier Bancorp by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 39,996 shares of the bank’s stock worth $1,464,000 after acquiring an additional 100 shares in the last quarter. LS Investment Advisors LLC raised its stake in Glacier Bancorp by 4.9% during 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 in the last quarter. Finally, Amalgamated Bank raised its stake in Glacier Bancorp by 1.9% during the 2nd quarter. Amalgamated Bank now owns 10,526 shares of the bank’s stock worth $385,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 81.17% 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.
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