FIG Partners Equities Analysts Increase Earnings Estimates for Glacier Bancorp, Inc. (GBCI)

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Stock analysts at FIG Partners lifted their FY2018 earnings per share (EPS) estimates for shares of Glacier Bancorp in a research note issued to investors on Friday. FIG Partners analyst T. Coffey now expects that the bank will post earnings per share of $2.45 for the year, up from their prior estimate of $2.30. FIG Partners also issued estimates for Glacier Bancorp’s FY2019 earnings at $2.57 EPS.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Glacier Bancorp had a return on equity of 11.46% and a net margin of 23.88%. The business had revenue of $117.54 million for the quarter, compared to the consensus estimate of $122.23 million.

GBCI has been the subject of a number of other research reports. BidaskClub upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a report on Friday, December 22nd. 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. Finally, SunTrust Banks restated a “buy” rating and set a $42.00 price objective on shares of Glacier Bancorp in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.25.

Glacier Bancorp (GBCI) opened at $39.80 on Monday. Glacier Bancorp has a 1-year low of $31.38 and a 1-year high of $41.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3,104.68, a PE ratio of 22.74, a P/E/G ratio of 1.81 and a beta of 1.45.

In other news, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.29, for a total transaction of $459,480.00. Following the completion of the sale, the insider now owns 30,270 shares in the company, valued at $1,159,038.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael J. Blodnick sold 25,338 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 25,497 shares of the company’s stock, valued at approximately $978,574.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,398 shares of company stock valued at $3,138,825. Corporate insiders own 0.65% of the company’s stock.

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Glacier Bancorp by 34.4% during the second 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 stake in shares of Glacier Bancorp by 23.7% in the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after buying an additional 744 shares during the period. GWM Advisors LLC bought a new stake in shares of Glacier Bancorp in the second quarter valued at approximately $199,000. CIBC Asset Management Inc bought a new stake in shares of Glacier Bancorp in the third quarter valued at approximately $209,000. Finally, Shelton Capital Management bought a new stake in shares of Glacier Bancorp in the second quarter valued at approximately $278,000. Institutional investors own 81.73% 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.

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

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