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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; paycheck protection program loans; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Further, the company provides mortgage origination and loan servicing services. It has 224 locations, including 188 branches and 36 loan or administration offices in 75 counties within 8 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company was founded in 1955 and is headquartered in Kalispell, Montana.
Glacier Bancorp Trading Up 1.5 %
Shares of NASDAQ:GBCI opened at $54.11 on Monday. Glacier Bancorp has a 1 year low of $44.43 and a 1 year high of $60.69. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 21.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.65 and a quick ratio of 0.65. The business's 50 day moving average price is $48.62 and its 200-day moving average price is $49.49.
Glacier Bancorp (NASDAQ:GBCI - Get Rating) last announced its earnings results on Thursday, July 21st. The bank reported $0.69 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.69. Glacier Bancorp had a return on equity of 9.50% and a net margin of 30.72%. The firm had revenue of $221.72 million for the quarter, compared to analyst estimates of $225.85 million. During the same quarter last year, the firm posted $0.81 EPS. On average, equities research analysts forecast that Glacier Bancorp will post 2.8 earnings per share for the current fiscal year.
Glacier Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Tuesday, July 12th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, July 11th. This represents a $1.32 dividend on an annualized basis and a yield of 2.44%. This is a positive change from Glacier Bancorp's previous quarterly dividend of $0.10. Glacier Bancorp's dividend payout ratio (DPR) is presently 51.76%.
Analysts Set New Price Targets
GBCI has been the topic of a number of analyst reports. StockNews.com cut shares of Glacier Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, May 28th. Truist Financial dropped their price objective on shares of Glacier Bancorp from $54.00 to $53.00 in a research note on Wednesday, June 15th.