FY2025 EPS Estimate for Glacier Bancorp Decreased by Analyst

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Investment analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Glacier Bancorp in a research report issued on Thursday, January 16th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $2.35 for the year, down from their previous estimate of $2.40. The consensus estimate for Glacier Bancorp’s current full-year earnings is $1.71 per share.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods boosted their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Truist Financial boosted their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Raymond James restated an “outperform” rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Piper Sandler boosted their price objective on Glacier Bancorp from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Glacier Bancorp Trading Up 2.0 %

Shares of NASDAQ:GBCI opened at $52.21 on Monday. The company has a 50-day simple moving average of $53.52 and a 200 day simple moving average of $48.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $5.92 billion, a P/E ratio of 32.23 and a beta of 0.81. Glacier Bancorp has a 52-week low of $34.35 and a 52-week high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same period last year, the business posted $0.47 EPS.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.53%. Glacier Bancorp’s dividend payout ratio is currently 81.48%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Glacier Bancorp by 60.4% during the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after acquiring an additional 947 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after acquiring an additional 927 shares during the last quarter. Wolverine Trading LLC bought a new stake in Glacier Bancorp during the third quarter valued at $205,000. Intech Investment Management LLC bought a new stake in Glacier Bancorp during the second quarter valued at $207,000. Finally, Paloma Partners Management Co bought a new stake in Glacier Bancorp during the third quarter valued at $250,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Company Profile

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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.