One of the losers of today's trading session was Glacier Bancorp. Shares of the Regional banking company plunged -3.8%, and some investors may be wondering if its price of $47.44 would make a good entry point. Here's what you should know if you are considering this investment:
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GBCI has an average analyst rating of hold and is -15.03% away from its mean target price of $55.83 per share
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Its trailing earnings per share (EPS) is $3.18
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Glacier Bancorp has a trailing 12 month Price to Earnings (P/E) ratio of 14.9 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $2.67 and its forward P/E ratio is 17.8
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The company has a Price to Book (P/B) ratio of 2.0 in contrast to the S&P 500's average ratio of 2.95
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Glacier Bancorp is part of the Financial Services sector, which has an average P/E ratio of 13.34 and an average P/B of 1.95
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GBCI has reported YOY quarterly earnings growth of -9.3% and gross profit margins of 0%
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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. 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 deposit, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; paycheck protection program loans; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Further, the company provides mortgage origination and loan servicing services. It has 224 locations, including 188 branches and 36 loan or administration offices in 75 counties within 8 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company was founded in 1955 and is headquartered in Kalispell, Montana.