Glacier Bancorp (GBCI) to Release Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCI – Get Rating) will be releasing its earnings data after the market closes on Thursday, January 26th. Analysts expect Glacier Bancorp to post earnings of $0.73 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Glacier Bancorp Price Performance

Shares of GBCI stock traded down $0.56 during mid-day trading on Tuesday, hitting $46.24. 435,582 shares of the stock traded hands, compared to its average volume of 343,032. Glacier Bancorp has a twelve month low of $44.43 and a twelve month high of $59.70. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 18.65 and a beta of 0.85. The company’s 50-day simple moving average is $51.90 and its 200-day simple moving average is $51.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.67.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Tuesday, December 6th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Monday, December 5th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 53.23%.

Institutional Trading of Glacier Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of GBCI. State Street Corp raised its holdings in Glacier Bancorp by 7.8% during the first quarter. State Street Corp now owns 4,807,832 shares of the bank’s stock valued at $241,738,000 after buying an additional 346,492 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Glacier Bancorp by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,281,413 shares of the bank’s stock worth $554,256,000 after acquiring an additional 155,648 shares in the last quarter. Eaton Vance Management boosted its holdings in shares of Glacier Bancorp by 19.3% in the 1st quarter. Eaton Vance Management now owns 896,974 shares of the bank’s stock worth $45,100,000 after acquiring an additional 145,421 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Glacier Bancorp by 8.4% in the 1st quarter. Invesco Ltd. now owns 599,956 shares of the bank’s stock worth $30,166,000 after acquiring an additional 46,628 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Glacier Bancorp in the 2nd quarter worth approximately $1,735,000. 70.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GBCI. Stephens lifted their price target on Glacier Bancorp from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 27th. Truist Financial lowered their price target on Glacier Bancorp from $68.00 to $62.00 in a research report on Friday, December 9th. Finally, StockNews.com lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th.

About Glacier Bancorp

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Glacier Bancorp, Inc is a bank holding company. engages in the provision of commercial banking services. The firm operates through the following segments: Residential Real Estate, Commercial Real Estate, Commercial, Home Equity, and Other Consumer. It offers retail banking, business banking, real estate, commercial, agriculture and consumer loans and mortgage origination services.