Back to top

Analyst Blog

Shares of Glacier Bancorp Inc. (GBCI - Snapshot Report) achieved a new 52-week high, touching $20.83 at the beginning of the trading session on Jun 17. The closing price of this regional bank reflects a solid year-to-date return of 35.9%. The trading volume for the session was 2.7 million shares.

Despite the strong price appreciation, this Zacks Rank #3 (Hold) stock has plenty of upside left, given its strong estimate revisions over the last 60 days as well as expected year-over-year earnings growth of 14.3% for 2013.

Growth Drivers

Impressive first-quarter 2013 results – including lower expenses, higher non-interest income, healthy balance sheet and solid capital position – as well as strong capital deployment activities have been the primary growth drivers for Glacier Bancorp.

First-quarter 2013 earnings (released on Apr 18) came in at 29 cents per share, up from the year-ago quarter number of 23 cents. Moreover, earnings beat the Zacks Consensus Estimate by a cent.

Additionally, Glacier Bancorp has delivered positive earnings surprises over the last 4 quarters, with an average beat of 4.8%.

Estimate Revisions Show Potency

For Glacier Bancorp, over the last 60 days, 3 out of 7 estimates for 2013 have been revised upward, raising the Zacks Consensus Estimate by 1.8% to $1.20 per share. For 2014 as well, 3 out of 7 estimates moved upward over the same time period, lifting the Zacks Consensus Estimate by 0.8% to $1.33 per share.

Better performing financial stocks include Central Pacific Financial Corp. (CPF - Snapshot Report), TriCo Bancshares (TCBK - Snapshot Report) and  Preferred Bank (PFBC - Snapshot Report), all of which carry  a Zacks Rank #1 (Strong Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%