Glacier Bancorp FY2025 EPS Estimate Reduced by DA Davidson

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Glacier Bancorp in a report issued on Thursday, January 16th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $2.35 per share for the year, down from their previous estimate of $2.40. The consensus estimate for Glacier Bancorp’s current full-year earnings is $1.73 per share.

A number of other equities analysts have also commented on the stock. Piper Sandler lifted their price target on shares of Glacier Bancorp from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods increased their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Truist Financial boosted their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Raymond James restated an “outperform” rating and issued a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Glacier Bancorp presently has an average rating of “Hold” and an average target price of $52.00.

Glacier Bancorp Trading Up 1.8 %

Glacier Bancorp stock opened at $51.13 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 31.56 and a beta of 0.81. The company’s fifty day moving average price is $53.66 and its two-hundred day moving average price is $48.17. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The company had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. During the same quarter in the prior year, the business posted $0.47 EPS.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.58%. Glacier Bancorp’s payout ratio is presently 81.48%.

Hedge Funds Weigh In On Glacier Bancorp

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Glacier Bancorp by 60.4% during the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock worth $115,000 after buying an additional 947 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after acquiring an additional 927 shares during the period. Wolverine Trading LLC acquired a new stake in Glacier Bancorp during the 3rd quarter valued at $205,000. Park Avenue Securities LLC bought a new position in Glacier Bancorp during the fourth quarter worth $273,000. Finally, Paloma Partners Management Co acquired a new position in shares of Glacier Bancorp in the third quarter valued at $250,000. Institutional investors and hedge funds 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.