Analysts forecast that Glacier Bancorp, Inc. (NASDAQ:GBCI) will announce earnings per share of $0.60 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Glacier Bancorp’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.61. Glacier Bancorp posted earnings per share of $0.59 in the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 17th.

According to Zacks, analysts expect that Glacier Bancorp will report full-year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.38 to $2.43. For the next financial year, analysts expect that the company will report earnings of $2.47 per share, with EPS estimates ranging from $2.35 to $2.53. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Glacier Bancorp.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $151.13 million for the quarter, compared to analyst estimates of $151.63 million. Glacier Bancorp had a net margin of 31.97% and a return on equity of 13.02%.

A number of analysts have recently commented on the company. BidaskClub downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $43.67.

Shares of NASDAQ GBCI traded up $0.62 during trading on Friday, reaching $40.73. 326,867 shares of the company traded hands, compared to its average volume of 296,578. The stock has a market cap of $3.49 billion, a P/E ratio of 18.77, a PEG ratio of 1.66 and a beta of 1.18. The firm’s fifty day simple moving average is $39.77 and its 200 day simple moving average is $40.64. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Glacier Bancorp has a 12-month low of $36.84 and a 12-month high of $47.67.

Several large investors have recently bought and sold shares of the company. Atria Investments LLC acquired a new position in Glacier Bancorp in the 2nd quarter valued at about $789,000. Nomura Holdings Inc. bought a new position in Glacier Bancorp in the 2nd quarter valued at about $406,000. Royal Bank of Canada raised its position in shares of Glacier Bancorp by 4.8% in the 2nd quarter. Royal Bank of Canada now owns 170,672 shares of the bank’s stock valued at $6,921,000 after buying an additional 7,836 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Glacier Bancorp by 2.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,343 shares of the bank’s stock worth $462,000 after acquiring an additional 300 shares during the period. Finally, Eaton Vance Management bought a new stake in shares of Glacier Bancorp during the 2nd quarter worth approximately $1,909,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

About Glacier Bancorp

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.

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Earnings History and Estimates for Glacier Bancorp (NASDAQ:GBCI)

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