Wall Street brokerages expect that Glacier Bancorp, Inc. (NASDAQ:GBCI) will post earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Glacier Bancorp’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.50. Glacier Bancorp reported earnings per share of $0.41 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.2%. The company is expected to report its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Glacier Bancorp will report full-year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.81. For the next year, analysts expect that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.91 to $2.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Glacier Bancorp.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. The business had revenue of $120.00 million during the quarter, compared to the consensus estimate of $121.07 million.

A number of analysts have recently commented on the company. SunTrust Banks, Inc. set a $41.00 price target on Glacier Bancorp and gave the stock a “buy” rating in a research report on Saturday, October 21st. BidaskClub cut Glacier Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $38.00 price target on Glacier Bancorp and gave the stock a “hold” rating in a research report on Saturday, July 29th. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price target on shares of Glacier Bancorp in a research report on Friday, September 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.33.

Glacier Bancorp (NASDAQ:GBCI) traded up $0.27 on Tuesday, hitting $36.28. 50,307 shares of the company’s stock traded hands, compared to its average volume of 332,937. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a twelve month low of $30.38 and a twelve month high of $38.49. The company has a market cap of $2,830.00, a P/E ratio of 21.23, a PEG ratio of 2.05 and a beta of 1.45.

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In related news, Director Michael J. Blodnick sold 45,060 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total value of $1,706,872.80. Following the completion of the transaction, the director now directly owns 27,576 shares in the company, valued at approximately $1,044,578.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC raised its holdings in Glacier Bancorp by 4.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock worth $105,000 after acquiring an additional 134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Glacier Bancorp by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock worth $116,000 after acquiring an additional 283 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Glacier Bancorp by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock worth $135,000 after acquiring an additional 947 shares during the last quarter. Advisor Group Inc. raised its holdings in Glacier Bancorp by 23.7% in the 2nd quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock worth $142,000 after acquiring an additional 744 shares during the last quarter. Finally, Fiduciary Trust Co. purchased a new position in Glacier Bancorp in the 2nd quarter worth approximately $183,000. Institutional investors own 81.16% of the company’s stock.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It 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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Earnings History and Estimates for Glacier Bancorp (NASDAQ:GBCI)

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