FIG Partners Research Analysts Raise Earnings Estimates for Glacier Bancorp, Inc. (GBCI)

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Equities research analysts at FIG Partners lifted their Q1 2018 earnings per share estimates for Glacier Bancorp in a research note issued to investors on Monday. FIG Partners analyst T. Coffey now anticipates that the bank will earn $0.48 per share for the quarter, up from their prior forecast of $0.47. FIG Partners also issued estimates for Glacier Bancorp’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $2.03 EPS.

Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Glacier Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, April 3rd. Piper Jaffray Companies cut their price objective on Glacier Bancorp from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Finally, BidaskClub upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday.

Earnings History and Estimates for Glacier Bancorp (NASDAQ:GBCI)

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Shares of Glacier Bancorp (GBCI) opened at 36.51 on Thursday. The company has a market capitalization of $2.80 billion, a PE ratio of 22.55 and a beta of 1.48. Glacier Bancorp has a 12 month low of $24.58 and a 12 month high of $38.17. The firm’s 50-day moving average is $34.07 and its 200 day moving average is $34.95.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. Glacier Bancorp had a net margin of 27.12% and a return on equity of 10.94%. The firm had revenue of $105.95 million for the quarter, compared to analysts’ expectations of $112.10 million. During the same period in the previous year, the firm posted $0.38 EPS.

Several institutional investors have recently bought and sold shares of GBCI. Elkfork Partners LLC bought a new position in Glacier Bancorp during the fourth quarter valued at approximately $154,000. Koch Industries Inc. bought a new position in Glacier Bancorp during the first quarter valued at approximately $218,000. Pacad Investment Ltd. raised its position in Glacier Bancorp by 191.4% in the fourth quarter. Pacad Investment Ltd. now owns 6,600 shares of the bank’s stock valued at $239,000 after buying an additional 4,335 shares during the period. Teza Capital Management LLC bought a new position in Glacier Bancorp during the fourth quarter valued at approximately $243,000. Finally, Stratos Wealth Partners LTD. bought a new position in Glacier Bancorp during the first quarter valued at approximately $239,000. 80.50% of the stock is owned by institutional investors.

In other news, Director James M. English sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $36.65, for a total transaction of $91,625.00. Following the completion of the transaction, the director now directly owns 20,181 shares of the company’s stock, valued at $739,633.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.

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