Glacier Bancorp (NASDAQ:GBCI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Glacier Bancorp (NASDAQ:GBCI) released its quarterly earnings results on Monday. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02, Briefing.com reports. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter last year, the firm earned $0.29 EPS.

Glacier Bancorp Stock Performance

Shares of NASDAQ GBCI traded down $0.48 during mid-day trading on Monday, hitting $40.33. The company had a trading volume of 134,162 shares, compared to its average volume of 678,217. Glacier Bancorp has a 12 month low of $34.48 and a 12 month high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $43.58 and its two-hundred day simple moving average is $49.16. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 24.16 and a beta of 0.80.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is currently 79.04%.

Wall Street Analyst Weigh In

GBCI has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday. Raymond James reissued an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Piper Sandler cut their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Glacier Bancorp Company Profile

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.