Wall Street analysts expect that Glacier Bancorp (NASDAQ:GBCI) will post sales of $137.33 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Glacier Bancorp’s earnings, with estimates ranging from $132.76 million to $139.60 million. Glacier Bancorp posted sales of $113.91 million in the same quarter last year, which suggests a positive year-over-year growth rate of 20.6%. The business is expected to announce its next earnings results on Thursday, July 19th.
According to Zacks, analysts expect that Glacier Bancorp will report full year sales of $544.15 million for the current financial year, with estimates ranging from $526.84 million to $553.30 million. For the next financial year, analysts forecast that the company will post sales of $578.71 million per share, with estimates ranging from $561.05 million to $589.20 million. Zacks’ sales averages are an average based on a survey of research firms that follow Glacier Bancorp.
Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, April 19th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Glacier Bancorp had a return on equity of 11.31% and a net margin of 24.58%. The company had revenue of $121.38 million for the quarter, compared to analysts’ expectations of $129.25 million. During the same quarter last year, the business posted $0.41 EPS.
Glacier Bancorp opened at $39.53 on Friday, according to MarketBeat Ratings. Glacier Bancorp has a 52-week low of $39.02 and a 52-week high of $39.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $3.31 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.82 and a beta of 1.32.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Tuesday, April 10th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Monday, April 9th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.21. Glacier Bancorp’s dividend payout ratio (DPR) is currently 52.57%.
In other Glacier Bancorp news, Director James M. English sold 5,000 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $41.01, for a total transaction of $205,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in Glacier Bancorp by 2.3% during the first quarter. BlackRock Inc. now owns 10,799,306 shares of the bank’s stock worth $414,478,000 after purchasing an additional 247,711 shares during the period. Neuberger Berman Group LLC boosted its position in Glacier Bancorp by 11.2% during the first quarter. Neuberger Berman Group LLC now owns 2,375,112 shares of the bank’s stock worth $91,157,000 after purchasing an additional 239,163 shares during the period. Standard Life Aberdeen plc boosted its position in Glacier Bancorp by 3.1% during the fourth quarter. Standard Life Aberdeen plc now owns 2,317,894 shares of the bank’s stock worth $91,302,000 after purchasing an additional 69,948 shares during the period. Goldman Sachs Group Inc. boosted its position in Glacier Bancorp by 12.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,258,782 shares of the bank’s stock worth $88,974,000 after purchasing an additional 253,840 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its position in Glacier Bancorp by 20.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 2,022,253 shares of the bank’s stock worth $77,614,000 after purchasing an additional 340,775 shares during the period. Hedge funds and other institutional investors own 76.55% 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 deposit products, including non-interest bearing deposits, interest bearing 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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