FY2025 EPS Estimates for Glacier Bancorp Lowered by Analyst

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

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same period in the previous year, the firm posted $0.47 earnings per share.

Other analysts have also recently issued research reports about the stock. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods increased their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price target on Glacier Bancorp from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Finally, Truist Financial raised their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.00.

Glacier Bancorp Price Performance

Shares of GBCI opened at $51.13 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $5.80 billion, a P/E ratio of 31.56 and a beta of 0.81. Glacier Bancorp has a 12 month low of $34.35 and a 12 month high of $60.67. The stock has a fifty day moving average price of $53.66 and a 200 day moving average price of $48.17.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Tuesday, December 10th. Glacier Bancorp’s payout ratio is 81.48%.

Institutional Investors Weigh In On Glacier Bancorp

Several hedge funds have recently modified their holdings of GBCI. Pacer Advisors Inc. lifted its stake in Glacier Bancorp by 2.6% during the second quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank’s stock valued at $632,000 after buying an additional 427 shares in the last quarter. Cladis Investment Advisory LLC lifted its position in shares of Glacier Bancorp by 1.6% in the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock valued at $1,494,000 after acquiring an additional 500 shares in the last quarter. HighTower Advisors LLC boosted its stake in Glacier Bancorp by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock worth $277,000 after purchasing an additional 507 shares during the period. GAMMA Investing LLC grew its position in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after purchasing an additional 526 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Glacier Bancorp by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 203,566 shares of the bank’s stock valued at $9,303,000 after purchasing an additional 582 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.

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.