Brokerages Set Glacier Bancorp, Inc. (NASDAQ:GBCI) PT at $46.20

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $46.20.

Several equities research analysts have commented on the stock. Piper Sandler upped their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Raymond James raised their target price on Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Truist Financial boosted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in Glacier Bancorp during the first quarter worth $25,000. International Assets Investment Management LLC acquired a new position in shares of Glacier Bancorp during the 2nd quarter worth about $25,000. Headlands Technologies LLC purchased a new position in Glacier Bancorp in the 1st quarter valued at about $50,000. GAMMA Investing LLC boosted its holdings in Glacier Bancorp by 96.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock worth $59,000 after buying an additional 772 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in 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 buying an additional 927 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Trading Down 1.4 %

Glacier Bancorp stock opened at $50.94 on Friday. The stock has a 50-day moving average price of $46.54 and a 200 day moving average price of $41.84. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 31.44 and a beta of 0.77. Glacier Bancorp has a 52 week low of $30.18 and a 52 week high of $53.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

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. The business had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same period in the prior year, the firm earned $0.47 EPS. Sell-side analysts anticipate that Glacier Bancorp will post 1.65 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.59%. The ex-dividend date was Tuesday, October 8th. Glacier Bancorp’s payout ratio is currently 81.48%.

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.