Glacier Bancorp (NASDAQ:GBCI) Upgraded at Stephens

Stephens upgraded shares of Glacier Bancorp (NASDAQ:GBCI) from an equal weight rating to an overweight rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports.

Several other analysts have also recently commented on the stock. Truist Financial upped their target price 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. Keefe, Bruyette & Woods upped their price objective on 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 cut their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Raymond James restated an “outperform” rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Stock Up 0.1 %

Shares of NASDAQ:GBCI opened at $50.79 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 30.41 and a beta of 0.80. The company has a 50 day moving average of $51.56 and a 200-day moving average of $49.15. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 2.60%. Glacier Bancorp’s payout ratio is 79.04%.

Institutional Investors Weigh In On Glacier Bancorp

A number of hedge funds have recently modified their holdings of GBCI. Mather Group LLC. increased its stake in Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Glacier Bancorp in the fourth quarter valued at approximately $63,000. GAMMA Investing LLC increased its position 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 acquiring an additional 947 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Glacier Bancorp by 17.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after acquiring an additional 431 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after acquiring an additional 927 shares in the last quarter. 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.