Glacier Bancorp (GBCI) Scheduled to Post Quarterly Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCI) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 18th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Friday, January 26th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. Glacier Bancorp had a net margin of 19.63% and a return on equity of 7.59%. The firm had revenue of $197.32 million for the quarter, compared to the consensus estimate of $198.32 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, analysts expect Glacier Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Glacier Bancorp Trading Down 3.6 %

Shares of Glacier Bancorp stock opened at $34.86 on Wednesday. Glacier Bancorp has a 12-month low of $26.77 and a 12-month high of $44.06. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 17.34 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $37.87 and its 200-day moving average price is $36.55.

Glacier Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.79%. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, April 8th. Glacier Bancorp’s dividend payout ratio is presently 65.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its stake in Glacier Bancorp by 1,498.3% in the third quarter. Barclays PLC now owns 943 shares of the bank’s stock worth $27,000 after acquiring an additional 884 shares during the period. Point72 Asset Management L.P. purchased a new stake in Glacier Bancorp in the second quarter worth $37,000. State of Wyoming lifted its stake in Glacier Bancorp by 57.7% in the second quarter. State of Wyoming now owns 1,568 shares of the bank’s stock worth $49,000 after acquiring an additional 574 shares during the period. Covestor Ltd lifted its stake in Glacier Bancorp by 115.0% in the first quarter. Covestor Ltd now owns 1,045 shares of the bank’s stock worth $53,000 after acquiring an additional 559 shares during the period. Finally, KBC Group NV purchased a new stake in Glacier Bancorp in the fourth quarter worth $68,000. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of Glacier Bancorp from $45.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Raymond James upped their price objective on shares of Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.80.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the bank 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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.