Revenue Update on Glacier Bancorp(NASDAQ:GBCI)

Glacier Bancorp(NASDAQ:GBCI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $78.64M. Analysts estimated a revenue of $83.07M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.41.

Glacier Bancorp (GBCI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.11% or 0.03 points. Due to strong positive momentum, the stock ended at $27.89, which is also near the day’s high of $28. The stock began the session at $27.97 and the volume stood at 2,54,608 shares. The 52-week high of the shares is $30.2 and the 52 week low is $21.9. The company has a current market capitalization of $2,124 M and it has 7,61,68,388 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, Mark J Semmens (director) purchased 8,000 shares at $23.25 per share price.Also, On Aug 27, 2015, Ron J Copher (CFO) purchased 500 shares at $24.35 per share price.On Aug 27, 2015, Randall M Chesler (Glacier Bank President) purchased 4,000 shares at $24.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Glacier Bancorp Inc. is a bank holding company. The Company provides commercial banking services. It provides banking services from 129 locations in Montana Idaho Wyoming Colorado Utah and Washington through its wholly owned bank subsidiary Glacier Bank (Bank). The Company offers a range of banking products and services including transaction and savings deposits real estate commercial agriculture and consumer loans and mortgage origination services. The Company serves individuals small to medium-sized businesses community organizations and public entities. The Company includes the parent holding company and nine wholly owned subsidiaries which consist of the Bank and eight non-bank subsidiaries. The Company provides brokerage services which include selling products such as stocks bonds mutual funds limited partnerships annuities and other insurance products through Raymond James Financial Services a non-affiliated company.

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