FY2025 EPS Estimates for Glacier Bancorp Lowered by Analyst

Key Points

• DA Davidson has lowered its FY2025 earnings estimate for Glacier Bancorp to $2.35 per share, down from a previous estimate of $2.45.
• Several analysts have revised their price targets, with Keefe, Bruyette & Woods lowering its target from $56.00 to $55.00 and Raymond James reducing its target from $55.00 to $49.00.
• Glacier Bancorp recently announced a quarterly dividend of $0.33, representing an annualized yield of 3.0%.

Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) - Equities research analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Glacier Bancorp in a report released on Monday, October 20th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $2.35 per share for the year, down from their prior estimate of $2.45. DA Davidson currently has a "Buy" rating and a $50.00 target price on the stock. The consensus estimate for Glacier Bancorp's current full-year earnings is $2.45 per share.

Several other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Glacier Bancorp from $56.00 to $55.00 and set a "market perform" rating for the company in a research report on Monday. Raymond James Financial reduced their price target on shares of Glacier Bancorp from $55.00 to $49.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $50.00 price target on shares of Glacier Bancorp in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Glacier Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $50.83.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $43.66 on Tuesday. Glacier Bancorp has a 12 month low of $36.76 and a 12 month high of $60.67. The stock has a market cap of $5.18 billion, a PE ratio of 26.15 and a beta of 0.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The company's fifty day moving average price is $47.94 and its 200-day moving average price is $44.46.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its earnings results on Thursday, October 16th. The bank reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.05). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the prior year, the firm posted $0.46 EPS.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, October 7th were given a $0.33 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. Glacier Bancorp's dividend payout ratio (DPR) is currently 64.71%.

Insider Transactions at Glacier Bancorp

In related news, insider Lee Kenneth Groom sold 800 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $44.24, for a total value of $35,392.00. Following the completion of the sale, the insider directly owned 11,918 shares in the company, valued at $527,252.32. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Institutional Trading of Glacier Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of GBCI. Farther Finance Advisors LLC increased its stake in Glacier Bancorp by 252.1% in the first 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 period. QRG Capital Management Inc. increased its stake in Glacier Bancorp by 8.4% in the first quarter. QRG Capital Management Inc. now owns 7,777 shares of the bank's stock worth $344,000 after purchasing an additional 600 shares during the period. State of Alaska Department of Revenue increased its stake in Glacier Bancorp by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 13,286 shares of the bank's stock worth $587,000 after purchasing an additional 360 shares during the period. Blue Trust Inc. increased its stake in shares of Glacier Bancorp by 8.9% during the first quarter. Blue Trust Inc. now owns 4,698 shares of the bank's stock valued at $208,000 after buying an additional 382 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Glacier Bancorp by 1,839.2% during the first quarter. Bessemer Group Inc. now owns 9,599 shares of the bank's stock valued at $424,000 after buying an additional 9,104 shares during the period. Hedge funds and other institutional investors own 80.17% of the company's stock.

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.

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