Glacier Bancorp (NASDAQ:GBCI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) announced its earnings results on Monday. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02, Briefing.com reports. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period last year, the firm earned $0.29 earnings per share.

Glacier Bancorp Stock Down 0.9 %

NASDAQ:GBCI traded down $0.36 on Monday, reaching $40.46. 112,848 shares of the stock traded hands, compared to its average volume of 613,583. 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 has a market capitalization of $4.59 billion, a price-to-earnings ratio of 24.24 and a beta of 0.80. Glacier Bancorp has a 12 month low of $34.48 and a 12 month high of $60.67. The company's fifty day simple moving average is $43.58 and its 200 day simple moving average is $49.16.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 79.04%.

Wall Street Analyst Weigh In

GBCI has been the topic of a number of recent research reports. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Piper Sandler reduced their price target 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. Keefe, Bruyette & Woods lowered their price objective on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a research report on Monday. Finally, Raymond James restated an "outperform" rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have assigned 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, the company has a consensus rating of "Hold" and an average target price of $53.00.

About Glacier Bancorp

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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