Glacier Bancorp, Inc. (NASDAQ:GBCI) is reporting third quarter earnings results on Thursday 22nd October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.63 per share from $ 168.13 million in revenue.
For the full year, analysts predict revenues of $ 599.17 million, while looking forward to income of $ 2.45 per share.
Previous Quarter Performance
Glacier Bancorp, Inc. posted income for the second quarter of $ 0.66 per share, from the revenue of $ 148.22 million. The quarterly earnings up 8.20 percent compared with the same quarter last year. According to street consensus, GBCI was expected to report 2Q20 income of $ 0.50 per share from revenue of $ 146.06 million. The bottom line results beat street analysts by $ 0.16 or 32.00 percent, at the same time, top line results outshined analysts by $ 2.16 million or 1.48 percent.
Stock Performance
Shares of Glacier Bancorp, Inc. traded up $ 0.50 or 1.44 percent on Wednesday, reaching $ 35.26 with volume of 232.70 thousand shares. Glacier Bancorp, Inc. has traded high as $ 35.36 and has cracked $ 34.70 on the downward trend
The closing price of $ 35.26, representing a 30.38 % increase from the 52 week low of $ 26.66 and a 25.31 % decrease over the 52 week high of $ 46.54.
The company has a market capital of $ 3.36 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Neutral rating, with $ 36.00 target price.
Conference Call
Glacier Bancorp, Inc. will be hosting a conference call at 11:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.glacierbancorp.com
Glacier Bancorp, Inc. operates as the 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
