Glacier Bancorp, Inc. (NASDAQ:GBCI) – Equities researchers at FIG Partners raised their FY2019 earnings per share (EPS) estimates for Glacier Bancorp in a report issued on Monday, April 8th, Zacks Investment Research reports. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings of $2.49 per share for the year, up from their prior forecast of $2.48. FIG Partners also issued estimates for Glacier Bancorp’s Q4 2019 earnings at $0.65 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.67 EPS, Q4 2020 earnings at $0.67 EPS and FY2020 earnings at $2.64 EPS.
Several other research firms have also weighed in on GBCI. SunTrust Banks set a $45.00 target price on shares of Glacier Bancorp and gave the stock a “buy” rating in a report on Tuesday, April 23rd. BidaskClub upgraded shares of Glacier Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 9th. ValuEngine lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Stephens began coverage on shares of Glacier Bancorp in a report on Monday, January 14th. They issued an “equal weight” rating and a $42.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.00.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Glacier Bancorp had a net margin of 31.38% and a return on equity of 12.83%. The business had revenue of $143.69 million during the quarter, compared to the consensus estimate of $148.14 million.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.04 annualized dividend and a yield of 2.41%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 47.93%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can raised its holdings in shares of Glacier Bancorp by 3.7% during the first quarter. Bank of Montreal Can now owns 6,776 shares of the bank’s stock worth $271,000 after acquiring an additional 243 shares during the period. Creative Planning raised its holdings in shares of Glacier Bancorp by 5.4% during the first quarter. Creative Planning now owns 5,665 shares of the bank’s stock worth $227,000 after acquiring an additional 290 shares during the period. Shelton Capital Management raised its holdings in shares of Glacier Bancorp by 6.9% during the fourth quarter. Shelton Capital Management now owns 8,519 shares of the bank’s stock worth $338,000 after acquiring an additional 548 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Glacier Bancorp by 11.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the bank’s stock worth $225,000 after acquiring an additional 564 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management raised its holdings in shares of Glacier Bancorp by 5.6% during the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 11,462 shares of the bank’s stock worth $454,000 after acquiring an additional 606 shares during the period. Institutional investors own 80.28% of the company’s stock.
Glacier Bancorp Company Profile
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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