Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have earned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.40.

A number of brokerages have commented on GBCI. Truist Financial decreased their price objective on shares of Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. DA Davidson decreased their price objective on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. StockNews.com raised shares of Glacier Bancorp to a “sell” rating in a report on Thursday, June 6th. Finally, Stephens decreased their price objective on shares of Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GBCI. Vanguard Group Inc. boosted its stake in Glacier Bancorp by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank’s stock worth $510,312,000 after acquiring an additional 80,251 shares during the last quarter. Cooke & Bieler LP boosted its stake in Glacier Bancorp by 34.0% during the 4th quarter. Cooke & Bieler LP now owns 3,239,276 shares of the bank’s stock worth $133,847,000 after acquiring an additional 821,199 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Glacier Bancorp by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,314,970 shares of the bank’s stock worth $95,661,000 after acquiring an additional 96,347 shares during the last quarter. Capital Research Global Investors boosted its stake in Glacier Bancorp by 60.3% during the 1st quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock worth $77,539,000 after acquiring an additional 724,089 shares during the last quarter. Finally, Capital International Investors boosted its stake in Glacier Bancorp by 45.1% during the 4th quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock worth $75,326,000 after acquiring an additional 566,513 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 2.9 %

Shares of Glacier Bancorp stock opened at $37.32 on Friday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 21.33 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $37.16 and a 200 day simple moving average of $38.36. Glacier Bancorp has a 12-month low of $26.83 and a 12-month high of $44.06.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Glacier Bancorp had a return on equity of 6.51% and a net margin of 16.40%. The firm had revenue of $196.47 million for the quarter, compared to analyst estimates of $202.66 million. During the same quarter last year, the business earned $0.55 EPS. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Research analysts expect that Glacier Bancorp will post 1.64 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 75.43%.

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.