Glacier Bancorp (GBCI) to Release Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCI) will post its quarterly earnings results after the market closes on Thursday, July 18th. Analysts expect Glacier Bancorp to post earnings of $0.61 per share for the quarter.

Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, April 18th. The bank reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Glacier Bancorp had a net margin of 31.38% and a return on equity of 12.83%. The business had revenue of $143.69 million during the quarter, compared to analyst estimates of $148.14 million. On average, analysts expect Glacier Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Glacier Bancorp stock opened at $39.09 on Wednesday. Glacier Bancorp has a one year low of $36.84 and a one year high of $47.67. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $40.03. The firm has a market capitalization of $3.49 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.66 and a beta of 1.18.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Tuesday, July 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.76%. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.26. Glacier Bancorp’s dividend payout ratio (DPR) is 49.77%.

A number of equities research analysts have commented on the company. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. SunTrust Banks set a $75.00 target price on Cimarex Energy and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.80.

In other news, Director David C. Boyles sold 25,399 shares of Glacier Bancorp stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $40.32, for a total transaction of $1,024,087.68. Following the completion of the transaction, the director now owns 1,218 shares of the company’s stock, valued at approximately $49,109.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.59% of the company’s stock.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

Further Reading: Why is Cost of Capital Important?

Earnings History for Glacier Bancorp (NASDAQ:GBCI)

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