Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives Average Recommendation of “Hold” from Analysts

Glacier Bancorp, Inc. (NASDAQ:GBCI) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $52.00.

Several equities analysts recently issued reports on GBCI shares. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday. Truist Financial lifted their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Piper Sandler raised their target price on shares of Glacier Bancorp from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $50.87 on Thursday. The business has a fifty day simple moving average of $54.03 and a two-hundred day simple moving average of $47.88. The firm has a market capitalization of $5.77 billion, a P/E ratio of 31.40 and a beta of 0.81. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. Glacier Bancorp has a 12 month low of $34.35 and a 12 month high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. 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 prior year, the business posted $0.47 EPS. On average, equities analysts forecast that Glacier Bancorp will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.59%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 81.48%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Glacier Bancorp by 60.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock worth $115,000 after purchasing an additional 947 shares during the period. Venturi Wealth Management LLC increased its stake in Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares during the period. Wolverine Trading LLC bought a new stake in shares of Glacier Bancorp during the third quarter worth $205,000. Intech Investment Management LLC purchased a new position in Glacier Bancorp in the 2nd quarter worth about $207,000. Finally, Paloma Partners Management Co bought a new stake in Glacier Bancorp during the 3rd quarter valued at about $250,000. Institutional investors own 80.17% of the company’s stock.

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.