Wall Street analysts forecast that Glacier Bancorp, Inc. (NASDAQ:GBCI) will post $122.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Glacier Bancorp’s earnings. The lowest sales estimate is $117.53 million and the highest is $125.49 million. Glacier Bancorp reported sales of $108.56 million during the same quarter last year, which indicates a positive year over year growth rate of 12.6%. The company is expected to announce its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Glacier Bancorp will report full-year sales of $122.23 million for the current fiscal year, with estimates ranging from $457.40 million to $488.71 million. For the next year, analysts forecast that the firm will post sales of $563.28 million per share, with estimates ranging from $546.10 million to $574.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Glacier Bancorp.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate 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.

GBCI has been the subject of a number of research reports. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. SunTrust Banks reissued a “buy” rating and set a $42.00 target price on shares of Glacier Bancorp in a research note on Wednesday, November 29th. Keefe, Bruyette & Woods set a $36.00 target price on shares of Glacier Bancorp and gave the stock a “hold” rating in a research note on Monday, August 28th. Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the stock a “hold” rating in a research note on Saturday, October 21st. Finally, Zacks Investment Research cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $38.67.

Glacier Bancorp (NASDAQ:GBCI) opened at $38.76 on Friday. The stock has a market cap of $2,936.96, a price-to-earnings ratio of 21.89, a PEG ratio of 2.13 and a beta of 1.45. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.24. Glacier Bancorp has a 1-year low of $31.38 and a 1-year high of $41.23.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Tuesday, December 5th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.17%. Glacier Bancorp’s dividend payout ratio is currently 48.84%.

In related news, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $38.29, for a total transaction of $459,480.00. Following the transaction, the insider now directly owns 30,270 shares in the company, valued at $1,159,038.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Blodnick sold 25,338 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $38.38, for a total transaction of $972,472.44. Following the transaction, the director now owns 25,497 shares in the company, valued at $978,574.86. The disclosure for this sale can be found here. Insiders have sold 82,398 shares of company stock worth $3,138,825 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its position in Glacier Bancorp by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,450 shares of the bank’s stock worth $492,000 after acquiring an additional 34 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Glacier Bancorp by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,141 shares of the bank’s stock valued at $225,000 after purchasing an additional 93 shares during the last quarter. Arizona State Retirement System boosted its holdings in Glacier Bancorp by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 39,996 shares of the bank’s stock valued at $1,464,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank boosted its holdings in Glacier Bancorp by 1.9% in the 2nd quarter. Amalgamated Bank now owns 10,526 shares of the bank’s stock valued at $385,000 after purchasing an additional 200 shares during the last quarter. Finally, 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 valued at $116,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 84.40% of the company’s stock.

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

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