Glacier Bancorp (NASDAQ:GBCI – Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the prior year, the firm earned $0.47 EPS.
Glacier Bancorp Price Performance
GBCI traded up $1.87 on Friday, reaching $49.60. The company had a trading volume of 1,177,819 shares, compared to its average volume of 641,325. Glacier Bancorp has a one year low of $29.35 and a one year high of $50.10. The company has a market capitalization of $5.62 billion, a P/E ratio of 28.33 and a beta of 0.80. The company has a fifty day moving average of $45.54 and a 200-day moving average of $41.02. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82.
Glacier Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio is currently 75.43%.
Analyst Upgrades and Downgrades
Insider Transactions at Glacier Bancorp
In other news, Director Annie M. Goodwin sold 5,619 shares of Glacier Bancorp stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $44.55, for a total transaction of $250,326.45. Following the transaction, the director now directly owns 9,402 shares in the company, valued at approximately $418,859.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.44% of the company’s stock.
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.
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