Glacier Bancorp Inc (NYSE: GBCI) has reported E.P.S. of $0.39 for its second fiscal quarter (ending June 30) versus $0.50 for the same period a year ago — a decline of -22%. Relative to the consensus estimate of $0.38, this was a premium of $0.01. For the latest four quarters through June 30, E.P.S. were $1.64 versus $2.49 for the same period a year ago — a decline of -34%.
Recent Price Action
Glacier Bancorp Inc (NYSE: GBCI) stock closed at $43.27 on 7/18/24 after a modest decline of -1.9%. Moreover, exceptionally high trading volume at 237% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 14.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GBCI is expected to continue to be a modest Value Builder.
Glacier Bancorp has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Glacier Bancorp has a slightly positive Power Rating of 60 and a good Appreciation Score of 71, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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