$129.25 Million in Sales Expected for Glacier Bancorp, Inc. (GBCI) This Quarter

Equities analysts forecast that Glacier Bancorp, Inc. (NASDAQ:GBCI) will report sales of $129.25 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Glacier Bancorp’s earnings. The lowest sales estimate is $126.00 million and the highest is $136.40 million. Glacier Bancorp reported sales of $105.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 22%. The company is scheduled to announce its next earnings report on Thursday, April 19th.

On average, analysts expect that Glacier Bancorp will report full-year sales of $129.25 million for the current year, with estimates ranging from $536.60 million to $563.00 million. For the next year, analysts forecast that the company will report sales of $585.80 million per share, with estimates ranging from $577.20 million to $594.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Glacier Bancorp.

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

Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $41.00 target price on shares of Glacier Bancorp in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, January 1st. Finally, 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $41.25.

Shares of Glacier Bancorp (NASDAQ:GBCI) opened at $39.92 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp has a 12 month low of $31.38 and a 12 month high of $41.23. The stock has a market cap of $3,114.04, a PE ratio of 26.61, a PEG ratio of 1.78 and a beta of 1.38.

In related news, Director Michael J. Blodnick sold 25,338 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were 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 of the company’s stock, valued at approximately $978,574.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Don J. Chery sold 12,000 shares of the firm’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 completion of the transaction, the insider now directly owns 30,270 shares in the company, valued at $1,159,038.30. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Glacier Bancorp by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 7,233,836 shares of the bank’s stock valued at $264,832,000 after buying an additional 178,063 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Glacier Bancorp by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,270,992 shares of the bank’s stock valued at $85,752,000 after buying an additional 8,556 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in Glacier Bancorp by 2.4% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,822,570 shares of the bank’s stock valued at $66,724,000 after buying an additional 42,317 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Glacier Bancorp by 3.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,683,218 shares of the bank’s stock valued at $63,558,000 after buying an additional 57,397 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Glacier Bancorp by 1.7% in the 3rd quarter. King Luther Capital Management Corp now owns 1,510,922 shares of the bank’s stock valued at $57,052,000 after buying an additional 24,735 shares in the last quarter. 81.56% of the stock is currently owned by hedge funds and other institutional investors.

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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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