Glacier Bancorp (GBCI) Set to Announce Quarterly Earnings on Thursday

Glacier Bancorp (NASDAQ:GBCI – Get Rating) will be releasing its earnings data after the market closes on Thursday, January 26th. Analysts expect Glacier Bancorp to post earnings of $0.73 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Glacier Bancorp Trading Down 1.2 %

GBCI traded down $0.56 during trading on Tuesday, reaching $46.24. The company had a trading volume of 435,582 shares, compared to its average volume of 343,032. The firm’s 50-day simple moving average is $51.90 and its 200 day simple moving average is $51.88. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 18.65 and a beta of 0.85. Glacier Bancorp has a 12-month low of $44.43 and a 12-month high of $59.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.67.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Tuesday, December 6th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 5th. This represents a $1.32 dividend on an annualized basis and a yield of 2.85%. Glacier Bancorp’s dividend payout ratio is currently 53.23%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GBCI. StockNews.com cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Stephens lifted their target price on Glacier Bancorp from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 27th. Finally, Truist Financial lowered their target price on Glacier Bancorp from $68.00 to $62.00 in a research note on Friday, December 9th.

Institutional Investors Weigh In On Glacier Bancorp

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Glacier Bancorp by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,281,413 shares of the bank’s stock valued at $554,256,000 after buying an additional 155,648 shares during the last quarter. State Street Corp lifted its holdings in shares of Glacier Bancorp by 7.8% during the 1st quarter. State Street Corp now owns 4,807,832 shares of the bank’s stock valued at $241,738,000 after buying an additional 346,492 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Glacier Bancorp by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,214,075 shares of the bank’s stock valued at $111,328,000 after buying an additional 18,945 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Glacier Bancorp by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 920,368 shares of the bank’s stock valued at $46,277,000 after buying an additional 32,975 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in shares of Glacier Bancorp by 19.3% during the 1st quarter. Eaton Vance Management now owns 896,974 shares of the bank’s stock valued at $45,100,000 after buying an additional 145,421 shares during the last quarter. 70.54% of the stock is currently owned by institutional investors and hedge funds.

About Glacier Bancorp

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Glacier Bancorp, Inc is a bank holding company. engages in the provision of commercial banking services. The firm operates through the following segments: Residential Real Estate, Commercial Real Estate, Commercial, Home Equity, and Other Consumer. It offers retail banking, business banking, real estate, commercial, agriculture and consumer loans and mortgage origination services.