Glacier Bancorp, Inc. (NYSE:GBCI) Receives $55.17 Consensus Price Target from Analysts

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $55.1667.

A number of equities analysts have issued reports on GBCI shares. DA Davidson reiterated a “buy” rating and set a $58.00 price target on shares of Glacier Bancorp in a research note on Monday, July 27th. Weiss Ratings raised Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th.

Glacier Bancorp Stock Performance

GBCI opened at $46.86 on Monday. Glacier Bancorp has a 1-year low of $39.90 and a 1-year high of $54.58. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 19.20 and a beta of 0.72. The company’s fifty day moving average price is $49.74 and its two-hundred day moving average price is $48.08. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $320.94 million during the quarter. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, analysts expect that Glacier Bancorp will post 3.11 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.8%. Glacier Bancorp’s payout ratio is 54.10%.

Insider Transactions at Glacier Bancorp

In other news, Chairman Craig Langel acquired 2,250 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $47.04 per share, for a total transaction of $105,840.00. Following the purchase, the chairman owned 98,684 shares in the company, valued at approximately $4,642,095.36. This represents a 2.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

Institutional Trading of Glacier Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Glacier Bancorp in the 2nd quarter valued at $913,766,000. California State Teachers Retirement System raised its stake in shares of Glacier Bancorp by 4,950.7% during the 2nd quarter. California State Teachers Retirement System now owns 7,720,185 shares of the company’s stock worth $398,207,000 after purchasing an additional 7,567,330 shares during the period. Norges Bank bought a new stake in shares of Glacier Bancorp during the 4th quarter worth $67,582,000. Bank of America Corp DE bought a new stake in shares of Glacier Bancorp during the 2nd quarter worth $62,719,000. Finally, Madison Asset Management LLC purchased a new position in shares of Glacier Bancorp in the 2nd quarter worth about $59,048,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.