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

Glacier Bancorp (NASDAQ:GBCI – Get 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

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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.