Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Average Rating of “Hold” by Brokerages

Glacier Bancorp, Inc. (NASDAQ:GBCI) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $48.83.

A number of research firms have weighed in on GBCI. Truist Financial upped their price target on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Raymond James raised their target price on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $50.29 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a market cap of $5.70 billion, a PE ratio of 31.04 and a beta of 0.79. The company’s fifty day simple moving average is $54.16 and its 200-day simple moving average is $46.66. Glacier Bancorp has a 52 week low of $34.35 and a 52 week high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The company had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. During the same period last year, the company posted $0.47 earnings per share. As a group, equities research analysts anticipate that Glacier Bancorp will post 1.7 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.62%. The ex-dividend date was Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio is currently 81.48%.

Institutional Investors Weigh In On Glacier Bancorp

A number of institutional investors have recently modified their holdings of GBCI. International Assets Investment Management LLC acquired a new position in Glacier Bancorp in the second quarter worth about $25,000. GAMMA Investing LLC lifted its holdings in Glacier Bancorp by 60.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock worth $115,000 after buying an additional 947 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after acquiring an additional 927 shares in the last quarter. Wolverine Trading LLC acquired a new position in shares of Glacier Bancorp in the 3rd quarter worth approximately $205,000. Finally, Intech Investment Management LLC bought a new stake in shares of Glacier Bancorp in the 2nd quarter valued at approximately $207,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

About Glacier Bancorp

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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.