Glacier Bancorp (GBCI) Set to Announce Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) will be announcing its earnings results after the market closes on Thursday, April 18th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. The company had revenue of $197.32 million during the quarter, compared to analyst estimates of $198.32 million. Glacier Bancorp had a net margin of 19.63% and a return on equity of 7.59%. The firm's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. On average, analysts expect Glacier Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Glacier Bancorp Stock Down 0.7 %

GBCI stock traded down $0.25 during mid-day trading on Thursday, hitting $36.42. 783,758 shares of the company were exchanged, compared to its average volume of 758,567. The company has a market capitalization of $4.13 billion, a PE ratio of 18.12 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98. Glacier Bancorp has a twelve month low of $26.77 and a twelve month high of $44.06. The firm has a fifty day simple moving average of $37.95 and a 200 day simple moving average of $36.30.

Glacier Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th will be given a $0.33 dividend. This is an increase from Glacier Bancorp's previous quarterly dividend of $0.10. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Monday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 65.67%.

Institutional Trading of Glacier Bancorp

Several hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors lifted its position in Glacier Bancorp by 3.3% in the 4th quarter. Captrust Financial Advisors now owns 8,427 shares of the bank's stock valued at $416,000 after purchasing an additional 269 shares during the last quarter. US Bancorp DE lifted its position in Glacier Bancorp by 2.9% in the 1st quarter. US Bancorp DE now owns 11,115 shares of the bank's stock valued at $559,000 after purchasing an additional 308 shares during the last quarter. Mariner LLC lifted its position in Glacier Bancorp by 2.9% in the 1st quarter. Mariner LLC now owns 13,763 shares of the bank's stock valued at $692,000 after purchasing an additional 382 shares during the last quarter. Synovus Financial Corp lifted its position in Glacier Bancorp by 2.2% in the 1st quarter. Synovus Financial Corp now owns 18,137 shares of the bank's stock valued at $916,000 after purchasing an additional 390 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Glacier Bancorp by 6.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,786 shares of the bank's stock worth $385,000 after buying an additional 454 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Raymond James raised their price target on shares of Glacier Bancorp from $36.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. StockNews.com upgraded shares of Glacier Bancorp to a "sell" rating in a research report on Tuesday, March 19th. Finally, Truist Financial reduced their price target on shares of Glacier Bancorp from $45.00 to $42.00 and set a "hold" rating on the stock in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Glacier Bancorp presently has an average rating of "Hold" and a consensus target price of $37.80.

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.