FY2018 Earnings Forecast for Glacier Bancorp, Inc. Issued By FIG Partners (NASDAQ:GBCI)

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Analysts at FIG Partners increased their FY2018 earnings per share (EPS) estimates for Glacier Bancorp in a report released on Friday, according to Zacks Investment Research. FIG Partners analyst T. Coffey now forecasts that the bank will earn $2.45 per share for the year, up from their prior forecast of $2.30. FIG Partners also issued estimates for Glacier Bancorp’s FY2019 earnings at $2.57 EPS.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Glacier Bancorp had a net margin of 12.72% and a return on equity of 4.99%. The business had revenue of $117.54 million for the quarter, compared to analysts’ expectations of $122.23 million.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Monday, January 1st. SunTrust Banks restated a “buy” rating and set a $43.00 price objective on shares of Glacier Bancorp in a research note on Tuesday, January 9th. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 price target on shares of Glacier Bancorp in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies set a $38.00 price target on shares of Glacier Bancorp and gave the stock a “hold” rating in a research note on Saturday, October 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.25.

Glacier Bancorp (GBCI) opened at $39.52 on Monday. The stock has a market cap of $3,004.83, a PE ratio of 26.35, a P/E/G ratio of 1.71 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp has a 12-month low of $31.38 and a 12-month high of $41.23.

A number of large investors have recently modified their holdings of GBCI. PNC Financial Services Group Inc. lifted its holdings in Glacier Bancorp by 34.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after purchasing an additional 947 shares in the last quarter. Advisor Group Inc. lifted its holdings in Glacier Bancorp by 23.7% during the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after purchasing an additional 744 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Glacier Bancorp by 45.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock valued at $182,000 after purchasing an additional 1,454 shares in the last quarter. GWM Advisors LLC purchased a new position in Glacier Bancorp during the second quarter valued at approximately $199,000. Finally, Fiduciary Trust Co. purchased a new position in Glacier Bancorp during the fourth quarter valued at approximately $203,000. 81.70% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Michael J. Blodnick sold 25,338 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $38.38, for a total transaction of $972,472.44. Following the completion of the sale, the director now directly owns 25,497 shares in the company, valued at $978,574.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $38.29, for a total transaction of $459,480.00. Following the sale, the insider now owns 30,270 shares of the company’s stock, valued at $1,159,038.30. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

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About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 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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Earnings History and Estimates for Glacier Bancorp (NASDAQ:GBCI)

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