Glacier Bancorp, Inc. (NASDAQ:GBCI) will issue its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The firm had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.60 million. Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. During the same period in the previous year, the company posted $0.40 earnings per share. On average, analysts expect Glacier Bancorp to post $1.78 EPS for the current fiscal year and $2.07 EPS for the next fiscal year.
Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) opened at 36.75 on Monday. The stock has a 50 day moving average of $35.13 and a 200-day moving average of $34.63. Glacier Bancorp, Inc. has a one year low of $27.31 and a one year high of $38.18. The company has a market capitalization of $2.87 billion, a PE ratio of 22.27 and a beta of 1.49.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 21st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.29%. The ex-dividend date was Wednesday, September 20th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 50.91%.
Several research analysts recently weighed in on GBCI shares. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Piper Jaffray Companies restated a “hold” rating and set a $37.00 price target on shares of Glacier Bancorp in a report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $36.00 price target on shares of Glacier Bancorp and gave the stock a “hold” rating in a report on Monday, June 26th. Finally, Zacks Investment Research cut shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
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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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