Glacier Bancorp (NASDAQ:GBCI) – Equities research analysts at FIG Partners dropped their Q2 2018 earnings estimates for Glacier Bancorp in a report issued on Friday, April 20th. FIG Partners analyst T. Coffey now anticipates that the bank will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.56. FIG Partners also issued estimates for Glacier Bancorp’s Q4 2018 earnings at $0.53 EPS, Q2 2019 earnings at $0.55 EPS and Q4 2019 earnings at $0.58 EPS.
Several other equities analysts also recently weighed in on GBCI. Zacks Investment Research downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. DA Davidson lowered their price target on shares of Glacier Bancorp from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday. BidaskClub raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $41.00 price target on shares of Glacier Bancorp in a report on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.00.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, April 19th. The bank reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). Glacier Bancorp had a net margin of 24.58% and a return on equity of 11.31%. The firm had revenue of $121.38 million for the quarter, compared to analysts’ expectations of $129.25 million. During the same period in the prior year, the firm earned $0.41 EPS.
Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Glacier Bancorp by 45.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock valued at $182,000 after buying an additional 1,454 shares during the last quarter. Fiduciary Trust Co. bought a new stake in Glacier Bancorp in the fourth quarter worth $203,000. First Allied Advisory Services Inc. bought a new stake in Glacier Bancorp in the fourth quarter worth $206,000. Zeke Capital Advisors LLC bought a new stake in Glacier Bancorp in the fourth quarter worth $211,000. Finally, Wolverine Trading LLC bought a new stake in Glacier Bancorp in the fourth quarter worth $218,000. Hedge funds and other institutional investors own 77.19% of the company’s stock.
In other news, Director James M. English sold 5,000 shares of Glacier Bancorp stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $41.01, for a total transaction of $205,050.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 19th. Stockholders of record on Tuesday, April 10th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, April 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.38%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.21. Glacier Bancorp’s dividend payout ratio (DPR) is presently 52.57%.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc operates as the 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 deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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