Analysts Set Expectations for Glacier Bancorp Q4 Earnings

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Equities research analysts at DA Davidson issued their Q4 2024 EPS estimates for Glacier Bancorp in a research note issued to investors on Monday, October 28th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $0.55 per share for the quarter. The consensus estimate for Glacier Bancorp’s current full-year earnings is $1.63 per share.

Several other research analysts have also commented on the company. Raymond James lifted their price target on Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial lifted their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Piper Sandler raised their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.20.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $52.61 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50 day moving average price is $46.01 and its 200 day moving average price is $41.37. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 32.48 and a beta of 0.80. Glacier Bancorp has a one year low of $29.35 and a one year high of $52.62.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $324.28 million for the quarter, compared to analysts’ expectations of $212.57 million. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. During the same period in the previous year, the firm posted $0.47 EPS.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio (DPR) is 81.48%.

Institutional Investors Weigh In On Glacier Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Glacier Bancorp in the first quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in Glacier Bancorp in the 2nd quarter valued at about $25,000. Headlands Technologies LLC acquired a new position in shares of Glacier Bancorp during the first quarter worth about $50,000. GAMMA Investing LLC raised its holdings in Glacier Bancorp by 96.9% in the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after acquiring an additional 772 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Glacier Bancorp during the 2nd quarter worth approximately $207,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

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.