DA Davidson Predicts Stronger Earnings for Glacier Bancorp

Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) - Research analysts at DA Davidson lifted their FY2025 earnings estimates for shares of Glacier Bancorp in a research note issued to investors on Monday, April 28th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $2.30 for the year, up from their prior forecast of $2.20. The consensus estimate for Glacier Bancorp's current full-year earnings is $2.45 per share.

A number of other research firms have also weighed in 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 dropped their price objective on shares of 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. Piper Sandler cut their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Raymond James set a $45.00 target price on Glacier Bancorp in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $50.50.

Glacier Bancorp Stock Up 0.9 %

Shares of GBCI stock traded up $0.38 during mid-day trading on Wednesday, hitting $42.29. The stock had a trading volume of 179,992 shares, compared to its average volume of 616,886. Glacier Bancorp has a 12-month low of $34.48 and a 12-month high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The firm's 50-day moving average is $42.86 and its two-hundred day moving average is $48.92. The firm has a market capitalization of $4.80 billion, a P/E ratio of 25.32 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the business earned $0.29 earnings per share.

Hedge Funds Weigh In On Glacier Bancorp

Large investors have recently made changes to their positions in the business. Wood Tarver Financial Group LLC purchased a new stake in Glacier Bancorp in the fourth quarter valued at about $33,000. JNBA Financial Advisors purchased a new position in shares of Glacier Bancorp in the 1st quarter valued at approximately $35,000. Mather Group LLC. boosted its stake in Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after purchasing an additional 362 shares in the last quarter. UMB Bank n.a. boosted its stake in Glacier Bancorp by 114.9% in the 1st quarter. UMB Bank n.a. now owns 838 shares of the bank's stock worth $37,000 after purchasing an additional 448 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Glacier Bancorp by 252.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank's stock worth $62,000 after purchasing an additional 1,001 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.12%. Glacier Bancorp's dividend payout ratio (DPR) is 70.97%.

Glacier Bancorp Company Profile

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.