Glacier Bancorp (NASDAQ:GBCI) PT Raised to $53.00 at Truist Financial

Glacier Bancorp (NASDAQ:GBCI) had its price objective boosted by stock analysts at Truist Financial from $50.00 to $53.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the bank’s stock. Truist Financial’s price objective would suggest a potential upside of 0.74% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Raymond James raised their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 target price on shares of Glacier Bancorp in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.20.

Glacier Bancorp Trading Up 1.1 %

Shares of NASDAQ:GBCI opened at $52.61 on Monday. Glacier Bancorp has a twelve month low of $29.35 and a twelve month high of $52.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.97 billion, a P/E ratio of 32.48 and a beta of 0.80. The company has a 50 day moving average of $46.01 and a 200-day moving average of $41.37.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The company had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, analysts anticipate that Glacier Bancorp will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of Glacier Bancorp

A number of institutional investors have recently bought and sold shares of GBCI. Sei Investments Co. lifted its holdings in Glacier Bancorp by 46.2% in the 1st quarter. Sei Investments Co. now owns 148,305 shares of the bank’s stock worth $5,974,000 after purchasing an additional 46,890 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Glacier Bancorp by 21.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank’s stock worth $3,160,000 after acquiring an additional 13,655 shares during the last quarter. Bayesian Capital Management LP bought a new position in Glacier Bancorp during the first quarter worth $477,000. Blue Trust Inc. boosted its holdings in Glacier Bancorp by 20,598.6% in the 2nd quarter. Blue Trust Inc. now owns 14,903 shares of the bank’s stock valued at $600,000 after purchasing an additional 14,831 shares during the period. Finally, Capital Research Global Investors grew its position in Glacier Bancorp by 60.3% in the 1st quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock worth $77,539,000 after purchasing an additional 724,089 shares during 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.