Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) - Stock analysts at DA Davidson lifted their FY2025 earnings per share estimates for Glacier Bancorp in a research report issued on Monday, April 28th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $2.30 for the year, up from their previous estimate of $2.20. The consensus estimate for Glacier Bancorp's current full-year earnings is $2.45 per share.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same quarter in the prior year, the company posted $0.29 EPS.
A number of other research firms have also recently commented on GBCI. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods cut their target price on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Raymond James set a $45.00 price target on Glacier Bancorp in a research note on Monday, April 28th. Finally, Piper Sandler cut their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Glacier Bancorp currently has an average rating of "Hold" and a consensus target price of $50.50.
Check Out Our Latest Stock Report on GBCI
Glacier Bancorp Trading Up 2.0 %
GBCI stock traded up $0.84 during mid-day trading on Wednesday, reaching $41.90. 915,363 shares of the stock traded hands, compared to its average volume of 617,643. Glacier Bancorp has a one year low of $34.48 and a one year high of $60.67. The stock has a market capitalization of $4.75 billion, a PE ratio of 25.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day moving average price of $42.86 and a two-hundred day moving average price of $48.92.
Glacier Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were issued a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.15%. Glacier Bancorp's payout ratio is 70.97%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock worth $11,321,000 after buying an additional 98,158 shares during the period. Proficio Capital Partners LLC purchased a new stake in Glacier Bancorp in the fourth quarter worth about $716,000. Raymond James Financial Inc. bought a new position in Glacier Bancorp during the 4th quarter worth about $9,544,000. JPMorgan Chase & Co. increased its position in Glacier Bancorp by 76.0% during the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock valued at $28,192,000 after purchasing an additional 242,414 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Glacier Bancorp during the 4th quarter valued at about $281,000. Institutional investors own 80.17% of the company's stock.
About Glacier Bancorp
(
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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.
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