FY2025 EPS Estimates for Glacier Bancorp Lowered by Analyst

Glacier Bancorp, Inc. (NASDAQ:GBCI) – DA Davidson cut their FY2025 earnings per share (EPS) estimates for shares of Glacier Bancorp in a report issued on Monday, October 20th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $2.35 per share for the year, down from their prior estimate of $2.45. DA Davidson currently has a “Buy” rating and a $50.00 price objective on the stock. The consensus estimate for Glacier Bancorp’s current full-year earnings is $2.45 per share.

Several other brokerages have also commented on GBCI. Raymond James Financial cut their target price on Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday. Piper Sandler restated a “neutral” rating and set a $50.00 target price on shares of Glacier Bancorp in a research report on Monday. Finally, Keefe, Bruyette & Woods cut their target price on Glacier Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Glacier Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $50.83.

Glacier Bancorp Trading Down 0.8%

NASDAQ GBCI opened at $43.22 on Tuesday. The business’s 50-day moving average price is $47.89 and its two-hundred day moving average price is $44.45. Glacier Bancorp has a 12 month low of $36.76 and a 12 month high of $60.67. The firm has a market capitalization of $5.12 billion, a PE ratio of 25.88 and a beta of 0.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 16th. The bank reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period in the prior year, the business posted $0.46 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GBCI. Ameritas Advisory Services LLC bought a new position in Glacier Bancorp in the second quarter worth approximately $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the bank’s stock worth $31,000 after purchasing an additional 490 shares during the last quarter. eCIO Inc. purchased a new stake in shares of Glacier Bancorp in the first quarter worth approximately $33,000. JNBA Financial Advisors purchased a new stake in shares of Glacier Bancorp in the first quarter worth approximately $35,000. Finally, Mather Group LLC. purchased a new stake in shares of Glacier Bancorp in the third quarter worth approximately $35,000. Institutional investors own 80.17% of the company’s stock.

Insider Transactions at Glacier Bancorp

In other Glacier Bancorp news, insider Lee Kenneth Groom sold 800 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $44.24, for a total value of $35,392.00. Following the transaction, the insider owned 11,918 shares in the company, valued at approximately $527,252.32. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th were issued a $0.33 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $1.32 annualized dividend and a yield of 3.1%. Glacier Bancorp’s dividend payout ratio is presently 64.71%.

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.