FY2025 EPS Estimates for Glacier Bancorp Cut by DA Davidson

Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) - Stock analysts at DA Davidson cut their FY2025 earnings estimates for shares of Glacier Bancorp in a research note issued to investors on Thursday, January 16th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $2.35 per share for the year, down from their previous estimate of $2.40. The consensus estimate for Glacier Bancorp's current full-year earnings is $1.73 per share.

A number of other equities research analysts also recently commented on GBCI. Keefe, Bruyette & Woods raised their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Truist Financial raised their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Piper Sandler upped their target price on shares of Glacier Bancorp from $56.00 to $57.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Finally, Raymond James reiterated an "outperform" rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.00.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock traded up $0.92 during trading on Monday, reaching $51.13. The company's stock had a trading volume of 545,637 shares, compared to its average volume of 524,399. The business has a 50 day moving average price of $53.66 and a 200-day moving average price of $48.17. Glacier Bancorp has a 12-month low of $34.35 and a 12-month high of $60.67. The company has a market capitalization of $5.80 billion, a P/E ratio of 31.56 and a beta of 0.81. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The firm had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter last year, the firm earned $0.47 earnings per share.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp's dividend payout ratio is currently 81.48%.

Hedge Funds Weigh In On Glacier Bancorp

Large investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its holdings in shares of Glacier Bancorp by 19.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank's stock worth $77,435,000 after purchasing an additional 280,255 shares during the period. Millennium Management LLC lifted its position in Glacier Bancorp by 131.9% during the second quarter. Millennium Management LLC now owns 477,154 shares of the bank's stock valued at $17,807,000 after buying an additional 271,398 shares in the last quarter. Sei Investments Co. grew its stake in Glacier Bancorp by 123.9% during the second quarter. Sei Investments Co. now owns 332,062 shares of the bank's stock worth $12,393,000 after buying an additional 183,757 shares during the period. Pier Capital LLC acquired a new stake in shares of Glacier Bancorp in the third quarter worth $7,443,000. Finally, Clifford Capital Partners LLC raised its stake in shares of Glacier Bancorp by 40.9% in the 2nd quarter. Clifford Capital Partners LLC now owns 422,951 shares of the bank's stock valued at $15,785,000 after acquiring an additional 122,842 shares during the period. Hedge funds and other institutional investors own 80.17% 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.