Glacier Bancorp (NASDAQ:GBCI – Get Free Report) announced its quarterly earnings results on Thursday. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03, Briefing.com reports. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The company had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same period in the prior year, the business earned $0.47 earnings per share.
Glacier Bancorp Trading Up 3.9 %
Shares of Glacier Bancorp stock traded up $1.85 on Friday, hitting $49.58. 1,177,819 shares of the company’s stock traded hands, compared to its average volume of 641,325. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 28.33 and a beta of 0.80. The company has a fifty day moving average of $45.54 and a two-hundred day moving average of $41.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a one year low of $29.35 and a one year high of $50.10.
Glacier Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio is 75.43%.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on GBCI shares. Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Glacier Bancorp in a report on Tuesday, August 27th. Truist Financial increased their price objective on Glacier Bancorp from $46.00 to $50.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, Raymond James upped their target price on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.20.
Get Our Latest Stock Analysis on GBCI
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.
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