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

Glacier Bancorp (NASDAQ:GBCIGet Free Report) 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.

Check Out Our Latest Report on Glacier Bancorp

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:GBCIGet Free Report) 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

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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.

Further Reading

Analyst Recommendations for Glacier Bancorp (NASDAQ:GBCI)

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