Q2 2017 EPS Estimates for Glacier Bancorp Inc. Increased by SunTrust Banks (GBCI)
Glacier Bancorp Inc. (NASDAQ:GBCI) – Analysts at SunTrust Banks boosted their Q2 2017 EPS estimates for Glacier Bancorp in a report released on Wednesday. SunTrust Banks analyst M. Young now expects that the brokerage will post earnings of $0.43 per share for the quarter, up from their previous estimate of $0.42. SunTrust Banks also issued estimates for Glacier Bancorp’s Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.72 EPS and FY2018 earnings at $1.89 EPS.
A number of other equities research analysts have also recently weighed in on GBCI. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. FIG Partners cut Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.25.
Glacier Bancorp (NASDAQ:GBCI) opened at 34.69 on Monday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 22.10 and a beta of 1.34. Glacier Bancorp has a 52 week low of $21.90 and a 52 week high of $34.73. The firm’s 50 day moving average price is $29.44 and its 200-day moving average price is $28.01.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.02. Glacier Bancorp had a return on equity of 10.77% and a net margin of 26.97%.
A number of hedge funds and other institutional investors have recently bought and sold shares of GBCI. Emerald Acquisition Ltd. acquired a new position in Glacier Bancorp during the second quarter valued at about $4,603,000. Mutual of America Capital Management LLC raised its position in Glacier Bancorp by 2.8% in the second quarter. Mutual of America Capital Management LLC now owns 148,380 shares of the company’s stock valued at $3,944,000 after buying an additional 4,014 shares during the period. Aberdeen Asset Management PLC UK raised its position in Glacier Bancorp by 213.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 992,736 shares of the company’s stock valued at $26,387,000 after buying an additional 675,519 shares during the period. Capital Fund Management S.A. acquired a new position in Glacier Bancorp during the second quarter valued at about $383,000. Finally, Strs Ohio raised its position in Glacier Bancorp by 20.5% in the second quarter. Strs Ohio now owns 4,700 shares of the company’s stock valued at $124,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.
In related news, insider Don J. Chery sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $33.26, for a total transaction of $99,780.00. Following the sale, the insider now owns 40,166 shares of the company’s stock, valued at $1,335,921.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.09% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, December 6th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.80 annualized dividend and a yield of 2.31%. Glacier Bancorp’s payout ratio is 50.96%.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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