Analysts expect Glacier Bancorp, Inc. (NASDAQ:GBCI) to post sales of $152.37 million for the current quarter, according to Zacks. Five analysts have made estimates for Glacier Bancorp’s earnings, with the lowest sales estimate coming in at $144.00 million and the highest estimate coming in at $158.00 million. Glacier Bancorp reported sales of $140.38 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The company is scheduled to announce its next earnings results on Thursday, July 18th.

On average, analysts expect that Glacier Bancorp will report full-year sales of $620.16 million for the current year, with estimates ranging from $590.90 million to $641.80 million. For the next year, analysts forecast that the company will report sales of $674.47 million, with estimates ranging from $647.50 million to $689.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Glacier Bancorp.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, April 18th. The bank reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). Glacier Bancorp had a net margin of 31.38% and a return on equity of 12.83%. The business had revenue of $143.69 million for the quarter, compared to analysts’ expectations of $148.14 million.

Several research analysts have issued reports on the company. SunTrust Banks set a $45.00 target price on Glacier Bancorp and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, BidaskClub upgraded Glacier Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $44.00.

Shares of NASDAQ:GBCI traded down $0.04 during trading hours on Friday, hitting $39.90. 184,228 shares of the company’s stock traded hands, compared to its average volume of 233,885. Glacier Bancorp has a 1 year low of $36.84 and a 1 year high of $47.67. The firm has a market capitalization of $3.46 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84.

In other Glacier Bancorp news, Director David C. Boyles sold 25,399 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $40.32, for a total transaction of $1,024,087.68. Following the completion of the transaction, the director now owns 1,218 shares in the company, valued at $49,109.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Glacier Bancorp by 1.7% in the first quarter. BlackRock Inc. now owns 12,471,711 shares of the bank’s stock worth $499,741,000 after buying an additional 207,286 shares in the last quarter. Vanguard Group Inc raised its stake in Glacier Bancorp by 2.7% in the third quarter. Vanguard Group Inc now owns 8,507,257 shares of the bank’s stock worth $366,578,000 after buying an additional 220,519 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Glacier Bancorp by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,272,158 shares of the bank’s stock worth $90,022,000 after buying an additional 24,482 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Glacier Bancorp by 0.4% in the first quarter. Eagle Asset Management Inc. now owns 1,701,975 shares of the bank’s stock worth $68,198,000 after buying an additional 7,372 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in Glacier Bancorp in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 77.39% of the company’s stock.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

See Also: What is Compound Interest?

Get a free copy of the Zacks research report on Glacier Bancorp (GBCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.