Zacks: Brokerages Expect Glacier Bancorp, Inc. (GBCI) to Post $0.46 EPS
Wall Street brokerages expect Glacier Bancorp, Inc. (NASDAQ:GBCI) to post earnings per share of $0.46 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Glacier Bancorp’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.44. Glacier Bancorp reported earnings of $0.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Glacier Bancorp will report full year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.75 to $1.81. For the next year, analysts expect that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.91 to $2.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $120.00 million during 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%.
Glacier Bancorp (GBCI) traded down $0.22 on Thursday, reaching $37.91. The company’s stock had a trading volume of 333,700 shares, compared to its average volume of 334,288. The firm has a market capitalization of $2,974.41, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a 12-month low of $31.38 and a 12-month high of $41.23.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Tuesday, December 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a yield of 2.22%. Glacier Bancorp’s dividend payout ratio (DPR) is 48.84%.
In other Glacier Bancorp news, Director Michael J. Blodnick sold 25,338 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $38.38, for a total value of $972,472.44. Following the transaction, the director now owns 25,497 shares of the company’s stock, valued at $978,574.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Don J. Chery sold 12,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $38.29, for a total value of $459,480.00. Following the completion of the transaction, the insider now directly owns 30,270 shares in the company, valued at approximately $1,159,038.30. The disclosure for this sale can be found here. Insiders sold 82,398 shares of company stock worth $3,138,825 in the last ninety days. 0.65% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC increased its holdings in shares of Glacier Bancorp by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 160,380 shares of the bank’s stock valued at $6,056,000 after buying an additional 4,399 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Glacier Bancorp by 1.5% in the second quarter. California Public Employees Retirement System now owns 180,500 shares of the bank’s stock valued at $6,608,000 after buying an additional 2,600 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Glacier Bancorp by 7.5% in the second quarter. Northern Trust Corp now owns 1,375,756 shares of the bank’s stock valued at $50,366,000 after buying an additional 96,330 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Glacier Bancorp by 6.0% in the second quarter. Teachers Advisors LLC now owns 137,408 shares of the bank’s stock valued at $5,031,000 after buying an additional 7,746 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Glacier Bancorp by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 395,892 shares of the bank’s stock valued at $14,494,000 after buying an additional 9,858 shares in the last quarter. 84.40% of the stock is currently owned by institutional investors.
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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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