Glacier Bancorp (GBCI) Set to Announce Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCIGet Rating) will be posting its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect Glacier Bancorp to post earnings of $0.73 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Glacier Bancorp Price Performance

Shares of GBCI opened at $46.24 on Wednesday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 18.65 and a beta of 0.85. Glacier Bancorp has a twelve month low of $44.43 and a twelve month high of $59.70. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $51.90 and a two-hundred day moving average of $51.88.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Tuesday, December 6th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, December 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.85%. Glacier Bancorp’s payout ratio is currently 53.23%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Covestor Ltd raised its holdings in shares of Glacier Bancorp by 115.0% during the first quarter. Covestor Ltd now owns 1,045 shares of the bank’s stock worth $53,000 after purchasing an additional 559 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Glacier Bancorp by 28.1% during the third quarter. Baird Financial Group Inc. now owns 6,307 shares of the bank’s stock worth $310,000 after purchasing an additional 1,382 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Glacier Bancorp by 22.5% during the third quarter. Captrust Financial Advisors now owns 8,158 shares of the bank’s stock worth $401,000 after purchasing an additional 1,496 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in Glacier Bancorp in the first quarter valued at $410,000. Finally, Walleye Capital LLC purchased a new position in Glacier Bancorp in the first quarter valued at $464,000. Hedge funds and other institutional investors own 70.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GBCI shares. Truist Financial lowered their price objective on shares of Glacier Bancorp from $68.00 to $62.00 in a research note on Friday, December 9th. Stephens lifted their price objective on shares of Glacier Bancorp from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 27th. Finally, StockNews.com downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th.

About Glacier Bancorp

(Get Rating)

Glacier Bancorp, Inc is a bank holding company. engages in the provision of commercial banking services. The firm operates through the following segments: Residential Real Estate, Commercial Real Estate, Commercial, Home Equity, and Other Consumer. It offers retail banking, business banking, real estate, commercial, agriculture and consumer loans and mortgage origination services.

Featured Articles

Earnings History for Glacier Bancorp (NASDAQ:GBCI)

Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.