Glacier Bancorp (GBCI) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Glacier Bancorp (NASDAQ:GBCI) issued its quarterly earnings results on Thursday. The bank reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02), Fidelity Earnings reports. Glacier Bancorp had a return on equity of 11.56% and a net margin of 25.31%.

Glacier Bancorp stock opened at $41.17 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Glacier Bancorp has a 1-year low of $35.50 and a 1-year high of $46.28. The company has a market capitalization of $3.56 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Tuesday, October 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $1.04 dividend on an annualized basis and a yield of 2.53%. Glacier Bancorp’s dividend payout ratio is 59.43%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, September 19th. ValuEngine lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, September 8th. Piper Jaffray Companies reiterated a “hold” rating and issued a $44.00 price objective on shares of Glacier Bancorp in a research note on Monday, July 23rd. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $44.00 price objective on shares of Glacier Bancorp in a research note on Friday, July 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $43.50.

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 deposit products, including non-interest bearing deposits, interest bearing 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.

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Earnings History for Glacier Bancorp (NASDAQ:GBCI)

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