Glacier Bancorp (NASDAQ:GBCI) Issues Quarterly Earnings Results

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) issued its quarterly earnings results on Monday. The bank reported $0.48 earnings per share 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 in the prior year, the firm posted $0.29 EPS.

Glacier Bancorp Trading Up 2.0 %

NASDAQ:GBCI traded up $0.84 on Friday, reaching $41.90. The stock had a trading volume of 915,363 shares, compared to its average volume of 617,643. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 25.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a 12-month low of $34.48 and a 12-month high of $60.67. The firm's fifty day moving average is $42.86 and its two-hundred day moving average is $48.92.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.15%. Glacier Bancorp's payout ratio is 70.97%.

Analysts Set New Price Targets

GBCI has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Piper Sandler decreased their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Raymond James set a $45.00 price target on Glacier Bancorp in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $50.50.

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.