Glacier Bancorp (NASDAQ:GBCI – Get Free Report) announced its quarterly earnings data 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. The business had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. During the same quarter last year, the company posted $0.47 earnings per share.
Glacier Bancorp Trading Up 3.9 %
Shares of GBCI opened at $49.58 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. The stock has a market cap of $5.62 billion, a PE ratio of 30.23 and a beta of 0.80. Glacier Bancorp has a 1 year low of $29.35 and a 1 year high of $50.10. The stock has a 50 day simple moving average of $45.66 and a 200-day simple moving average of $41.11.
Glacier Bancorp Announces Dividend
The business 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. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.66%. Glacier Bancorp’s dividend payout ratio is currently 80.49%.
Insider Activity at Glacier Bancorp
Analyst Ratings Changes
A number of research analysts have recently commented on GBCI shares. Truist Financial upped their price objective on shares of Glacier Bancorp from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Glacier Bancorp in a report on Tuesday, August 27th. Finally, Raymond James lifted their price objective on Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. One 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 MarketBeat.com, Glacier Bancorp has a consensus rating of “Hold” and an average price target of $44.20.
Get Our Latest Research Report on Glacier Bancorp
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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