Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Free Report) has been given an average recommendation of “Hold” by the five brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $43.00.
A number of brokerages have issued reports on GBCI. Piper Sandler reiterated a “neutral” rating and set a $38.00 price objective on shares of Glacier Bancorp in a research note on Tuesday, August 27th. StockNews.com raised shares of Glacier Bancorp to a “sell” rating in a research report on Thursday, June 6th. Finally, Truist Financial upped their target price on shares of Glacier Bancorp from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd.
View Our Latest Report on Glacier Bancorp
Insider Transactions at Glacier Bancorp
Hedge Funds Weigh In On Glacier Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of GBCI. &PARTNERS bought a new position in Glacier Bancorp during the first quarter valued at $991,000. Capital International Investors lifted its stake in Glacier Bancorp by 45.1% in the fourth quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock worth $75,326,000 after purchasing an additional 566,513 shares during the last quarter. Sei Investments Co. boosted its position in shares of Glacier Bancorp by 46.2% during the first quarter. Sei Investments Co. now owns 148,305 shares of the bank’s stock valued at $5,974,000 after buying an additional 46,890 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Glacier Bancorp by 21.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank’s stock worth $3,160,000 after buying an additional 13,655 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Glacier Bancorp during the 1st quarter worth approximately $477,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.
Glacier Bancorp Price Performance
Shares of GBCI stock opened at $42.62 on Friday. The business’s fifty day moving average is $43.11 and its 200 day moving average is $39.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 24.35 and a beta of 0.80. Glacier Bancorp has a twelve month low of $26.83 and a twelve month high of $47.71.
Glacier Bancorp (NASDAQ:GBCI – Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The company had revenue of $306.04 million during the quarter, compared to analyst estimates of $204.43 million. During the same period last year, the business earned $0.50 EPS. Research analysts expect that Glacier Bancorp will post 1.62 EPS for the current fiscal year.
Glacier Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Tuesday, July 9th were given a $0.33 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $1.32 annualized dividend and a yield of 3.10%. Glacier Bancorp’s payout ratio is 75.43%.
Glacier Bancorp Company Profile
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.
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