Home Glaciers Brokers set expectations for Glacier Bancorp, Inc. earnings in Q2 2022 (NASDAQ:GBCI)

Brokers set expectations for Glacier Bancorp, Inc. earnings in Q2 2022 (NASDAQ:GBCI)


Glacier Bancorp, Inc. (NASDAQ: GBCI – Get a rating) – Investment analysts DA Davidson raised their second-quarter 2022 earnings estimates for shares of Glacier Bancorp in a research report released Thursday, June 30. DA Davidson analyst J. Rulis now expects the bank to post earnings of $0.74 per share for the quarter, up from its previous forecast of $0.72. The consensus estimate for Glacier Bancorp’s current annual earnings is $2.78 per share.

A number of other analysts have also weighed in on GBCI recently. Truist Financial lowered its price target on shares of Glacier Bancorp from $54.00 to $53.00 in a Wednesday, June 15 research note. StockNews.com downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 28.

GBCI shares opened at $47.42 on Friday. The company has a market capitalization of $5.25 billion, a price-earnings ratio of 17.76 and a beta of 0.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt ratio of 0.09. The company’s 50-day moving average is $46.96 and its two-hundred-day moving average is $51.15. Glacier Bancorp has a 52-week low of $44.43 and a 52-week high of $60.69. Bancorp Glacier (NASDAQ: GBCI – Get a rating) last released its quarterly results on Thursday, April 21. The bank reported EPS of $0.61 for the quarter, missing the consensus estimate of $0.63 per ($0.02). Glacier Bancorp had a return on equity of 10.02% and a net margin of 32.03%. The company posted revenue of $219.12 million in the quarter, versus analyst estimates of $220.66 million. During the same quarter last year, the company posted EPS of $0.85.

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Hedge funds and other institutional investors have recently changed their holdings in the company. Yousif Capital Management LLC bought a new position in Glacier Bancorp during the fourth quarter worth $3,237,000. ProShare Advisors LLC increased its holdings of Glacier Bancorp shares by 59.3% in Q4. ProShare Advisors LLC now owns 43,210 shares of the bank valued at $2,450,000 after purchasing an additional 16,090 shares during the period. Amussen Hunsaker Associates LLC purchased a new equity stake in Glacier Bancorp during Q4, valued at approximately $440,000. Teacher Retirement System of Texas increased its position in shares of Glacier Bancorp by 31.4% during the fourth quarter. Teacher Retirement System of Texas now owns 20,206 shares of the bank valued at $1,146,000 after buying 4,829 additional shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in Glacier Bancorp by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 883,062 shares of the bank worth $50,070,000 after acquiring an additional 5,212 shares during the period. Institutional investors and hedge funds hold 68.64% of the company’s shares.

The company also recently announced a dividend, which will be paid on Thursday, July 21. Shareholders of record on Tuesday, July 12 will receive a dividend of $0.33. This is a positive change from Glacier Bancorp’s previous dividend of $0.10. The ex-dividend date is Monday, July 11. This represents a dividend yield of 2.78%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 49.44%.

About Glacier Bancorp (Get a rating)

Glacier Bancorp, Inc operates as a bank holding company for Glacier Bank which provides commercial banking services to individuals, small and medium businesses, community organizations and public entities in the United States. It offers non-interest bearing deposit accounts and interest bearing deposit accounts, such as negotiable withdrawal orders and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate deposit, negotiated rate jumbo certificates and individual retirement accounts.

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

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