Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $51.50.

Several research firms have recently commented on GBCI. Piper Sandler lowered their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday. Raymond James reissued an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods increased their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Glacier Bancorp Stock Down 1.3 %

NASDAQ:GBCI opened at $45.48 on Friday. The firm has a market capitalization of $5.16 billion, a PE ratio of 27.23 and a beta of 0.77. The stock has a 50 day moving average of $49.57 and a 200-day moving average of $49.88. Glacier Bancorp has a 52 week low of $34.35 and a 52 week high of $60.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

Hedge Funds Weigh In On Glacier Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Glacier Bancorp by 5.3% during the 4th quarter. Signaturefd LLC now owns 3,978 shares of the bank’s stock valued at $200,000 after purchasing an additional 201 shares in the last quarter. Piedmont Capital Management LLC boosted its stake in Glacier Bancorp by 4.5% during the 4th quarter. Piedmont Capital Management LLC now owns 5,256 shares of the bank’s stock valued at $262,000 after purchasing an additional 224 shares in the last quarter. Arizona State Retirement System boosted its stake in Glacier Bancorp by 0.8% during the 4th quarter. Arizona State Retirement System now owns 32,909 shares of the bank’s stock valued at $1,653,000 after purchasing an additional 259 shares in the last quarter. Mariner LLC boosted its stake in Glacier Bancorp by 2.4% during the 4th quarter. Mariner LLC now owns 12,430 shares of the bank’s stock valued at $624,000 after purchasing an additional 292 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Glacier Bancorp by 1.9% during the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock valued at $817,000 after purchasing an additional 311 shares in the last quarter. 80.17% of the stock is owned by institutional investors.

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.