Glacier Bancorp (GBCI) Set to Announce Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCI) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Glacier Bancorp to post earnings of $0.42 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, July 18th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The firm had revenue of $306.04 million for the quarter, compared to the consensus estimate of $204.43 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. 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 Price Performance

GBCI stock opened at $49.03 on Thursday. Glacier Bancorp has a one year low of $28.60 and a one year high of $49.40. The company’s fifty day moving average price is $44.92 and its 200-day moving average price is $40.66. 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 company has a market capitalization of $5.56 billion, a PE ratio of 28.02 and a beta of 0.80.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 75.43%.

Analyst Ratings Changes

Several brokerages recently weighed in on GBCI. Raymond James boosted their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Truist Financial boosted their price target on shares of Glacier Bancorp from $46.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price target on shares of Glacier Bancorp in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Hold” and a consensus target price of $44.20.

Insider Activity

In other news, CAO Don J. Chery sold 1,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $45.49, for a total value of $45,490.00. Following the sale, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Don J. Chery sold 1,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $45.49, for a total value of $45,490.00. Following the sale, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Annie M. Goodwin sold 5,619 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.55, for a total transaction of $250,326.45. Following the completion of the transaction, the director now directly owns 9,402 shares in the company, valued at $418,859.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% 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.