Zacks: Analysts Anticipate Glacier Bancorp, Inc. (GBCI) Will Announce Earnings of $0.46 Per Share

Wall Street analysts predict that Glacier Bancorp, Inc. (NASDAQ:GBCI) will report earnings per share of $0.46 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Glacier Bancorp’s earnings, with estimates ranging from $0.44 to $0.50. Glacier Bancorp posted earnings per share of $0.41 in the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The company is scheduled to issue its next earnings report 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 fiscal year, analysts forecast that the business will post earnings of $2.05 per share, with EPS estimates ranging from $1.94 to $2.30. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Glacier Bancorp.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, meeting the 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 for the quarter, compared to the consensus estimate of $121.07 million.

Several equities analysts recently commented on the company. BidaskClub upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 price objective on shares of Glacier Bancorp in a research note on Friday, December 22nd. Zacks Investment Research cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. SunTrust Banks reissued a “buy” rating and set a $42.00 target price on shares of Glacier Bancorp in a report on Wednesday, November 29th. Finally, Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the company a “hold” rating in a report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $40.33.

Glacier Bancorp (GBCI) traded down $0.21 during trading on Friday, reaching $39.39. The company had a trading volume of 446,463 shares, compared to its average volume of 369,879. Glacier Bancorp has a fifty-two week low of $31.38 and a fifty-two week 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 0.24. The stock has a market capitalization of $3,072.70, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 2.23 and a beta of 1.45.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Tuesday, December 5th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a yield of 2.13%. Glacier Bancorp’s payout ratio is 48.84%.

In other Glacier Bancorp news, Director Michael J. Blodnick sold 45,060 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total transaction of $1,706,872.80. Following the sale, the director now owns 27,576 shares of the company’s stock, valued at approximately $1,044,578.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $38.29, for a total transaction of $459,480.00. Following the sale, the insider now directly owns 30,270 shares in the company, valued at approximately $1,159,038.30. The disclosure for this sale can be found here. Insiders have sold a total of 82,398 shares of company stock worth $3,138,825 in the last three months. Insiders own 0.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of GBCI. Mutual of America Capital Management LLC increased its holdings 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 holdings 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. Northern Trust Corp increased its holdings 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. Teachers Advisors LLC increased its holdings 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. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Glacier Bancorp by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 395,892 shares of the bank’s stock worth $14,494,000 after purchasing an additional 9,858 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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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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