Stock analysts expect Glacier Bancorp, Inc. (NASDAQ: GBCI) to report sales of $ 223.33 million for the current quarter, according to Zacks Investment Research. Three analysts made estimates for Glacier Bancorp’s earnings. The highest sales estimate is $ 224.50 million and the lowest is $ 221.60 million. Glacier Bancorp reported sales of $ 210.46 million in the same quarter last year, indicating a positive growth rate of 6.1% year-on-year. The company is expected to announce its next quarterly earnings report on Thursday, January 27.
On average, analysts expect Glacier Bancorp to report annual revenue of $ 808.73 million for the current year, with estimates ranging from $ 807.00 to $ 809.90 million. For the next fiscal year, analysts predict the company will post sales of $ 921.10 million, with estimates ranging from $ 910.50 million to $ 941.20 million. Zacks sales averages are an average based on a survey of research analysts who cover Glacier Bancorp.
Glacier Bancorp (NASDAQ: GBCI) last released its quarterly earnings data on Wednesday, October 20. The bank reported earnings of $ 0.79 per share for the quarter, beating the consensus estimate of $ 0.73 by $ 0.06. The company posted revenue of $ 197.43 million for the quarter, compared to analysts’ estimates of $ 190.27 million. Glacier Bancorp had a net margin of 38.78% and a return on equity of 13.52%. In the same quarter of last year, the company achieved EPS of $ 0.81.
Several analysts have commented on GBCI shares. Zacks Investment Research upgraded Glacier Bancorp shares from a “hold” rating to a “buy” rating and set a target price of $ 62.00 on the stock in a report released on Wednesday, October 27. Truist raised its price target for Glacier Bancorp shares from $ 60.00 to $ 64.00 and gave the company a “buy” rating in a report released on Tuesday, September 28. DA Davidson raised its price target for Glacier Bancorp shares from $ 65.00 to $ 68.00 and assigned the company a “buy” rating in a report released on Monday, October 25. Finally, Truist Securities raised its price target for Glacier Bancorp shares from $ 60.00 to $ 64.00 and assigned the company a “buy” rating in a report released on Tuesday, September 28. One investment analyst rated the stock with a conservation rating and four assigned a buy rating to the company’s stock. According to MarketBeat data, Glacier Bancorp currently has an average rating of “Buy” and an average price target of $ 64.50.
A number of institutional investors and hedge funds have recently changed their holdings to GBCI. Clearstead Advisors LLC purchased a new position in Glacier Bancorp during the third quarter valued at $ 26,000. O Shaughnessy Asset Management LLC strengthened its position in Glacier Bancorp by 341.0% during the second quarter. O Shaughnessy Asset Management LLC now owns 688 shares of the bank valued at $ 38,000 after purchasing an additional 532 shares during the period. Rockefeller Capital Management LP strengthened its position in Glacier Bancorp by 665.8% during the third quarter. Rockefeller Capital Management LP now owns 919 shares of the bank valued at $ 50,000 after purchasing an additional 799 shares during the period. Ten Capital Wealth Advisors LLC purchased a new position in Glacier Bancorp during the third quarter valued at $ 51,000. Finally, Van ECK Associates Corp strengthened its position in Glacier Bancorp by 125.6% during the second quarter. Van ECK Associates Corp now owns 1,146 shares of the bank valued at $ 63,000 after purchasing an additional 638 shares during the period. Institutional investors and hedge funds hold 72.29% of the company’s shares.
GBCI shares opened at $ 56.70 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.63, and a debt ratio of 0.07. The company has a market cap of $ 6.28 billion, a P / E ratio of 17.13 and a beta of 0.91. The company’s 50-day moving average is $ 57.08. Glacier Bancorp has a 52-week low of $ 44.10 and a 52-week high of $ 67.35.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 16. Investors of record on Tuesday, December 7, received a dividend of $ 0.32 per share. The ex-dividend date of this dividend was Monday December 6. This represents a dividend of $ 1.28 on an annualized basis and a yield of 2.26%. Glacier Bancorp’s payout ratio is 38.67%.
About Glacier Bancorp
Glacier Bancorp, Inc. is a banking holding company that provides commercial banking services. It operates in the following segments: residential real estate loans, home equity loans and other consumer loans. It provides retail banking, business, real estate, commercial, agricultural and consumer banking, and mortgage origination services.
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