Glacier Bancorp (GBCI) Set to Announce Quarterly Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCIGet Rating) is scheduled to announce its earnings results after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Glacier Bancorp Price Performance

NASDAQ GBCI traded down $0.56 during trading hours on Tuesday, reaching $46.24. The company’s stock had a trading volume of 435,582 shares, compared to its average volume of 343,032. The stock has a market cap of $5.12 billion, a PE ratio of 18.65 and a beta of 0.85. Glacier Bancorp has a fifty-two week low of $44.43 and a fifty-two week high of $59.70. The company’s 50-day moving average is $51.90 and its two-hundred day moving average is $51.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.67.

Glacier Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GBCI. US Bancorp DE lifted its stake in Glacier Bancorp by 2.9% during the first quarter. US Bancorp DE now owns 11,115 shares of the bank’s stock worth $559,000 after purchasing an additional 308 shares during the last quarter. Mariner LLC lifted its stake in Glacier Bancorp by 2.9% during the first quarter. Mariner LLC now owns 13,763 shares of the bank’s stock worth $692,000 after purchasing an additional 382 shares during the last quarter. Synovus Financial Corp lifted its stake in Glacier Bancorp by 2.2% during the first quarter. Synovus Financial Corp now owns 18,137 shares of the bank’s stock worth $916,000 after purchasing an additional 390 shares during the last quarter. Covestor Ltd lifted its stake in 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. Finally, Guggenheim Capital LLC lifted its stake in Glacier Bancorp by 0.6% during the first quarter. Guggenheim Capital LLC now owns 112,951 shares of the bank’s stock worth $5,679,000 after purchasing an additional 648 shares during the last quarter. 70.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GBCI has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of Glacier Bancorp from $68.00 to $62.00 in a report on Friday, December 9th. Stephens upped their target price on shares of Glacier Bancorp from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, October 27th. Finally, StockNews.com lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th.

Glacier Bancorp Company Profile

(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.

Further Reading

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.