Q3 2024 Earnings Forecast for Glacier Bancorp, Inc. (NASDAQ:GBCI) Issued By DA Davidson

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Equities researchers at DA Davidson issued their Q3 2024 EPS estimates for Glacier Bancorp in a report issued on Monday, July 22nd. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.45 per share for the quarter. DA Davidson has a “Buy” rating and a $45.00 price objective on the stock. The consensus estimate for Glacier Bancorp’s current full-year earnings is $1.62 per share. DA Davidson also issued estimates for Glacier Bancorp’s FY2024 earnings at $1.70 EPS and FY2025 earnings at $2.30 EPS.

GBCI has been the topic of a number of other research reports. StockNews.com upgraded Glacier Bancorp to a “sell” rating in a report on Thursday, June 6th. Truist Financial upped their target price on Glacier Bancorp from $38.00 to $46.00 and gave the company a “hold” rating in a report on Monday. Finally, Stephens dropped their target price on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.25.

Glacier Bancorp Price Performance

GBCI stock opened at $43.77 on Tuesday. The firm has a market capitalization of $4.96 billion, a PE ratio of 25.01 and a beta of 0.81. Glacier Bancorp has a one year low of $26.83 and a one year high of $45.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average of $37.94 and a two-hundred day moving average of $38.15.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The company had revenue of $306.04 million during the quarter, compared to analyst estimates of $204.43 million. During the same period in the prior year, the firm earned $0.50 earnings per share.

Hedge Funds Weigh In On Glacier Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Argent Capital Management LLC increased its holdings in Glacier Bancorp by 60.9% in the second quarter. Argent Capital Management LLC now owns 10,913 shares of the bank’s stock worth $407,000 after buying an additional 4,130 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Glacier Bancorp by 0.5% in the second quarter. Retirement Systems of Alabama now owns 139,950 shares of the bank’s stock worth $5,223,000 after buying an additional 709 shares during the last quarter. &PARTNERS increased its holdings in Glacier Bancorp by 134.1% in the second quarter. &PARTNERS now owns 57,563 shares of the bank’s stock worth $2,148,000 after buying an additional 32,969 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Glacier Bancorp by 230.3% in the second quarter. Nisa Investment Advisors LLC now owns 7,630 shares of the bank’s stock worth $285,000 after buying an additional 5,320 shares during the last quarter. Finally, Revolve Wealth Partners LLC acquired a new position in Glacier Bancorp in the second quarter worth approximately $370,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, July 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.32 dividend on an annualized basis and a yield of 3.02%. Glacier Bancorp’s dividend payout ratio is currently 75.43%.

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.