Free Trial

Glacier Bancorp (NASDAQ:GBCI) Releases Earnings Results, Misses Expectations By $0.04 EPS

Glacier Bancorp logo with Finance background

Key Points

  • Glacier Bancorp reported quarterly earnings of $0.45 EPS, falling short of analysts' expectations of $0.49 EPS by $0.04.
  • The company declared a quarterly dividend of $0.33, resulting in an annualized dividend of $1.32 and a dividend yield of 2.91%.
  • Institutional investors own approximately 80.17% of Glacier Bancorp's stock, showing strong support from larger investment firms.
  • Five stocks to consider instead of Glacier Bancorp.
  • Limited Time Offer: Unlock powerful research tools, advanced financial data, and expert insights to help you invest with confidence. Save 50% when you upgrade to MarketBeat All Access during the month of July. Claim your discount here.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.04), Briefing.com reports. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period in the prior year, the company posted $0.39 earnings per share.

Glacier Bancorp Trading Up 1.7%

Shares of GBCI stock traded up $0.74 during trading hours on Friday, reaching $45.30. The company had a trading volume of 900,773 shares, compared to its average volume of 702,171. The company has a 50 day moving average of $43.32 and a 200 day moving average of $44.70. 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 has a market cap of $5.14 billion, a price-to-earnings ratio of 27.13 and a beta of 0.77. Glacier Bancorp has a 1-year low of $36.76 and a 1-year high of $60.67.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Tuesday, July 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Tuesday, July 8th. Glacier Bancorp's dividend payout ratio (DPR) is currently 68.75%.

Institutional Trading of Glacier Bancorp

A number of large investors have recently made changes to their positions in GBCI. Goldman Sachs Group Inc. grew its holdings in shares of Glacier Bancorp by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the bank's stock valued at $59,799,000 after acquiring an additional 73,756 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Glacier Bancorp by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the bank's stock worth $15,587,000 after acquiring an additional 26,157 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Glacier Bancorp by 30.9% during the first quarter. AQR Capital Management LLC now owns 31,176 shares of the bank's stock worth $1,358,000 after purchasing an additional 7,359 shares during the period. Institutional investors own 80.17% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on GBCI shares. Raymond James Financial reissued an "outperform" rating and set a $48.00 price objective (up previously from $45.00) on shares of Glacier Bancorp in a research report on Thursday, June 26th. DA Davidson restated a "buy" rating and set a $50.00 price target on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Keefe, Bruyette & Woods upped their price objective on Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a report on Friday, June 27th. Finally, Janney Montgomery Scott raised Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Thursday, June 5th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $50.83.

Get Our Latest Analysis on Glacier Bancorp

Glacier Bancorp Company Profile

(Get Free Report)

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.

Recommended Stories

Earnings History for Glacier Bancorp (NASDAQ:GBCI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Glacier Bancorp Right Now?

Before you consider Glacier Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Glacier Bancorp wasn't on the list.

While Glacier Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ACT FAST! Congress is Dumping these 3 Stocks
3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines