Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $52.00.

A number of equities research analysts have commented on the company. Piper Sandler increased their price target on Glacier Bancorp from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday. Truist Financial lifted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their target price on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Glacier Bancorp Stock Performance

Shares of NASDAQ:GBCI opened at $50.87 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 31.40 and a beta of 0.81. The firm has a 50 day moving average of $54.03 and a 200 day moving average of $47.88. Glacier Bancorp has a 52 week low of $34.35 and a 52 week high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same period in the previous year, the company posted $0.47 earnings per share. On average, sell-side analysts predict that Glacier Bancorp will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were paid a $0.33 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.59%. Glacier Bancorp’s dividend payout ratio is currently 81.48%.

Institutional Investors Weigh In On Glacier Bancorp

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Glacier Bancorp by 60.4% in the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after purchasing an additional 947 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Glacier Bancorp by 44.8% during 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 during the period. Wolverine Trading LLC acquired a new position in shares of Glacier Bancorp during the 3rd quarter valued at about $205,000. Intech Investment Management LLC purchased a new stake in shares of Glacier Bancorp in the second quarter valued at about $207,000. Finally, Paloma Partners Management Co acquired a new stake in Glacier Bancorp during the third quarter worth about $250,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

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.