StockStory questions Glacier Bancorp’s growth and earnings trends
The publisher cited slower revenue growth, falling per-share earnings and measured tangible book value expansion in its cautious view of the bank.
Key takeaways
- Glacier Bancorp revenue grew at an 8.5% annual rate over five years, according to StockStory.
- StockStory said earnings per share fell 4.8% annually over five years.
StockStory argued that Glacier Bancorp’s recent share decline does not make the bank attractive, pointing to its earnings and growth record. The publisher said the shares fell 12.4% over six months, while the S&P 500 gained 12.8%.
The article said Glacier Bancorp’s revenue grew at an 8.5% annual rate over five years, while earnings per share declined 4.8% annually over the same period. It also reported that tangible book value per share rose at a 9.3% annual rate over the last two years.
StockStory noted the shares traded at 1.3 times forward book value, or $42.62 per share, and said it saw too much downside risk. It preferred an unnamed company that owns Taco Bell.
This article was produced with the help of AI technology. Source: Yahoo Finance
