DA Davidson Expects Increased Earnings for Glacier Bancorp

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Stock analysts at DA Davidson upped their FY2025 earnings per share estimates for Glacier Bancorp in a report issued on Monday, January 27th. DA Davidson analyst J. Rulis now expects that the bank will earn $2.90 per share for the year, up from their previous estimate of $2.35. The consensus estimate for Glacier Bancorp’s current full-year earnings is $1.73 per share.

Several other analysts have also issued reports on the stock. Truist Financial boosted their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Raymond James reissued an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Piper Sandler lowered their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Up 1.6 %

GBCI stock opened at $49.69 on Wednesday. The stock has a fifty day moving average of $52.72 and a 200-day moving average of $48.83. Glacier Bancorp has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 30.67 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.

Institutional Trading of Glacier Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. boosted its holdings in shares of Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Glacier Bancorp by 60.4% during the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock worth $115,000 after purchasing an additional 947 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares during the period. Wolverine Trading LLC bought a new position in Glacier Bancorp in the third quarter worth about $205,000. Finally, Blue Trust Inc. raised its stake in Glacier Bancorp by 148.5% in the fourth quarter. Blue Trust Inc. now owns 4,316 shares of the bank’s stock worth $217,000 after buying an additional 2,579 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.66%. Glacier Bancorp’s payout ratio is 79.04%.

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.