DA Davidson Estimates Glacier Bancorp Q4 Earnings

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Glacier Bancorp in a research note issued to investors on Monday, October 28th. DA Davidson analyst J. Rulis expects that the bank will earn $0.55 per share for the quarter. The consensus estimate for Glacier Bancorp’s current full-year earnings is $1.63 per share.

Several other analysts have also recently weighed in on GBCI. Raymond James boosted their price target on Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial lifted their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Piper Sandler upped their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Hold” and an average target price of $46.20.

Glacier Bancorp Trading Up 1.3 %

Shares of GBCI stock opened at $53.30 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $6.04 billion, a P/E ratio of 32.90 and a beta of 0.80. Glacier Bancorp has a twelve month low of $29.35 and a twelve month high of $53.93. The stock’s fifty day simple moving average is $46.20 and its 200 day simple moving average is $41.45.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The company had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same period in the prior year, the business earned $0.47 earnings per share.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.48%. The ex-dividend date was Tuesday, October 8th. Glacier Bancorp’s payout ratio is presently 81.48%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Glacier Bancorp by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,611,345 shares of the bank’s stock worth $97,450,000 after acquiring an additional 103,374 shares during the period. Capital Research Global Investors grew its stake in Glacier Bancorp by 60.3% during the first quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock worth $77,539,000 after purchasing an additional 724,089 shares during the period. Victory Capital Management Inc. increased its holdings in Glacier Bancorp by 10.8% in the second quarter. Victory Capital Management Inc. now owns 1,528,273 shares of the bank’s stock worth $57,035,000 after purchasing an additional 149,404 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Glacier Bancorp by 2.9% in the second quarter. Thrivent Financial for Lutherans now owns 1,414,154 shares of the bank’s stock valued at $52,776,000 after buying an additional 40,120 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Glacier Bancorp by 9.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,125,955 shares of the bank’s stock worth $42,021,000 after buying an additional 99,811 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

About Glacier Bancorp

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.