Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Average Recommendation of “Hold” by Brokerages

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been assigned an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $46.20.

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

Glacier Bancorp Stock Performance

GBCI stock opened at $58.38 on Wednesday. Glacier Bancorp has a 1-year low of $32.00 and a 1-year high of $60.67. The business has a 50-day moving average price of $50.33 and a 200 day moving average price of $43.98. The company has a market capitalization of $6.62 billion, a P/E ratio of 36.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $212.57 million. During the same quarter last year, the firm posted $0.47 EPS. As a group, equities research analysts forecast that Glacier Bancorp will post 1.7 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, December 10th. Glacier Bancorp’s payout ratio is presently 81.48%.

Institutional Trading of Glacier Bancorp

Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its position in Glacier Bancorp by 2.6% during the 2nd quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank’s stock valued at $632,000 after buying an additional 427 shares in the last quarter. Cladis Investment Advisory LLC grew its stake in shares of Glacier Bancorp by 1.6% during the third quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after acquiring an additional 500 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Glacier Bancorp by 9.4% during the third quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock valued at $277,000 after acquiring an additional 507 shares in the last quarter. Stifel Financial Corp raised its position in shares of Glacier Bancorp by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 203,566 shares of the bank’s stock valued at $9,303,000 after purchasing an additional 582 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Glacier Bancorp by 6.7% in the 2nd quarter. Inspire Investing LLC now owns 9,472 shares of the bank’s stock worth $353,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.