Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Free Report) 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.
Get Our Latest Stock Analysis on GBCI
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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 – Get Free Report) 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.
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