Glacier Bancorp (NASDAQ:GBCI) Issues Earnings Results, Beats Estimates By $0.02 EPS

Glacier Bancorp (NASDAQ:GBCI) issued its quarterly earnings data on Thursday. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02, Briefing.com reports. The firm had revenue of $306.04 million during the quarter, compared to the consensus estimate of $204.43 million. Glacier Bancorp had a return on equity of 6.13% and a net margin of 15.15%. During the same period in the prior year, the business earned $0.50 EPS.

Glacier Bancorp Trading Down 0.6 %

Shares of GBCI stock opened at $43.03 on Friday. The stock has a 50-day simple moving average of $37.62 and a 200 day simple moving average of $38.06. Glacier Bancorp has a fifty-two week low of $26.83 and a fifty-two week high of $44.75. The stock has a market capitalization of $4.88 billion, a P/E ratio of 26.24 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, July 9th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.32 annualized dividend and a yield of 3.07%. Glacier Bancorp’s dividend payout ratio is currently 75.43%.

Analyst Ratings Changes

Several research analysts have recently issued reports on GBCI shares. DA Davidson decreased their price target on Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Stephens decreased their price target on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 23rd. StockNews.com raised Glacier Bancorp to a “sell” rating in a research note on Thursday, June 6th. Finally, Truist Financial decreased their price target on Glacier Bancorp from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

About Glacier Bancorp

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.