Equities research analysts forecast that Glacier Bancorp, Inc. (NASDAQ:GBCI) will report earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Glacier Bancorp’s earnings, with estimates ranging from $0.44 to $0.50. Glacier Bancorp reported earnings of $0.41 per share in the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The business is scheduled to announce its next earnings results after the market closes 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 fiscal year, with EPS estimates ranging from $1.75 to $1.81. For the next financial year, analysts forecast that the business will report earnings of $2.17 per share, with EPS estimates ranging from $2.00 to $2.31. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Glacier Bancorp.

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

GBCI has been the subject of several recent research reports. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Monday, January 1st. BidaskClub upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. SunTrust Banks reiterated a “buy” rating and set a $42.00 price objective on shares of Glacier Bancorp in a report on Wednesday, November 29th. Piper Jaffray Companies set a $38.00 price objective on Glacier Bancorp and gave the stock a “hold” rating in a report on Saturday, October 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price objective on shares of Glacier Bancorp in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.25.

Shares of Glacier Bancorp (GBCI) opened at $39.39 on Wednesday. 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 stock has a market capitalization of $3,070.00, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.84 and a beta of 1.45.

In other news, Director Michael J. Blodnick sold 25,338 shares of Glacier Bancorp stock in a transaction dated 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 directly owns 25,497 shares in the company, valued at $978,574.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Blodnick sold 45,060 shares of Glacier Bancorp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $37.88, for a total value of $1,706,872.80. Following the completion of the transaction, the director now owns 27,576 shares in the company, valued at $1,044,578.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,398 shares of company stock worth $3,138,825. Corporate insiders own 0.65% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its stake 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 worth $6,056,000 after purchasing an additional 4,399 shares during the period. California Public Employees Retirement System increased its stake 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 worth $6,608,000 after purchasing an additional 2,600 shares during the period. Wells Fargo & Company MN increased its stake in shares of Glacier Bancorp by 11.0% in the third quarter. Wells Fargo & Company MN now owns 304,006 shares of the bank’s stock worth $11,479,000 after purchasing an additional 30,019 shares during the period. Northern Trust Corp increased its stake 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 worth $50,366,000 after purchasing an additional 96,330 shares during the period. Finally, Teachers Advisors LLC increased its stake 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 worth $5,031,000 after purchasing an additional 7,746 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

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About Glacier Bancorp

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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