$225.83 Million in Sales Expected for Glacier Bancorp, Inc. (NASDAQ:GBCI) This Quarter

Analysts expect that Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Rating) will report $225.83 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Glacier Bancorp’s earnings. The lowest sales estimate is $223.00 million and the highest is $228.20 million. Glacier Bancorp posted sales of $190.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Glacier Bancorp will report full-year sales of $893.23 million for the current fiscal year, with estimates ranging from $816.80 million to $927.40 million. For the next fiscal year, analysts expect that the firm will post sales of $1.01 billion, with estimates ranging from $992.80 million to $1.02 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Glacier Bancorp.

Glacier Bancorp (NASDAQ:GBCI – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). Glacier Bancorp had a return on equity of 10.02% and a net margin of 32.03%. The firm had revenue of $219.12 million for the quarter, compared to analysts’ expectations of $220.66 million. During the same period last year, the firm earned $0.85 EPS.

Several research firms recently issued reports on GBCI. StockNews.com downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 20th. Zacks Investment Research downgraded shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 1st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearstead Advisors LLC acquired a new position in shares of Glacier Bancorp in the 3rd quarter valued at about $26,000. Covestor Ltd acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at about $28,000. Byrne Asset Management LLC acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at about $29,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Glacier Bancorp by 665.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 919 shares of the bank’s stock valued at $50,000 after buying an additional 799 shares during the period. Finally, Ten Capital Wealth Advisors LLC acquired a new position in shares of Glacier Bancorp in the 3rd quarter valued at about $51,000. 68.64% of the stock is owned by institutional investors.

Glacier Bancorp stock opened at $46.74 on Thursday. Glacier Bancorp has a 12-month low of $44.43 and a 12-month high of $60.69. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 17.51 and a beta of 0.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.62. The firm’s fifty day moving average price is $48.01 and its 200 day moving average price is $53.04.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 21st. Stockholders of record on Tuesday, April 12th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, April 11th. This represents a $1.32 annualized dividend and a dividend yield of 2.82%. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.32. Glacier Bancorp’s payout ratio is presently 49.44%.

About Glacier Bancorp (Get Rating)

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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts.

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