Glacier Bancorp (GBCI) Scheduled to Post Quarterly Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCI) is set to release its earnings data after the market closes on Thursday, April 18th. Analysts expect Glacier Bancorp to post earnings of $0.33 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 (NASDAQ:GBCI) last issued its quarterly earnings results on Friday, January 26th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. The business had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.32 million. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The company’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. On average, analysts expect Glacier Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Glacier Bancorp Price Performance

Shares of NASDAQ GBCI opened at $34.86 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $3.95 billion, a PE ratio of 17.34 and a beta of 0.80. The business has a 50-day simple moving average of $37.87 and a two-hundred day simple moving average of $36.55. Glacier Bancorp has a fifty-two week low of $26.77 and a fifty-two week high of $44.06.

Glacier Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Monday, April 8th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.10. Glacier Bancorp’s dividend payout ratio (DPR) is currently 65.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GBCI shares. Truist Financial decreased their target price on Glacier Bancorp from $45.00 to $42.00 and set a “hold” rating for the company in a report on Monday, April 1st. StockNews.com raised Glacier Bancorp to a “sell” rating in a report on Tuesday, March 19th. Finally, Raymond James lifted their target price on Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.80.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GBCI. Barclays PLC raised its position in Glacier Bancorp by 1,498.3% during the third quarter. Barclays PLC now owns 943 shares of the bank’s stock valued at $27,000 after acquiring an additional 884 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Glacier Bancorp in the second quarter valued at about $37,000. State of Wyoming grew its holdings in shares of Glacier Bancorp by 57.7% in the second quarter. State of Wyoming now owns 1,568 shares of the bank’s stock valued at $49,000 after purchasing an additional 574 shares during the period. Covestor Ltd grew its holdings in shares of Glacier Bancorp by 115.0% in the first quarter. Covestor Ltd now owns 1,045 shares of the bank’s stock valued at $53,000 after purchasing an additional 559 shares during the period. Finally, KBC Group NV purchased a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $68,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.