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

Glacier Bancorp, Inc. (NYSE:GBCI) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $55.1667.

Several analysts have recently commented on GBCI shares. DA Davidson raised their target price on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Piper Sandler boosted their price target on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Finally, Stephens raised their price objective on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GBCI. AQR Capital Management LLC lifted its holdings in Glacier Bancorp by 30.9% in the first quarter. AQR Capital Management LLC now owns 31,176 shares of the company’s stock valued at $1,358,000 after acquiring an additional 7,359 shares during the period. Goldman Sachs Group Inc. grew its position in Glacier Bancorp by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company’s stock worth $59,799,000 after buying an additional 73,756 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Glacier Bancorp by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the company’s stock worth $15,587,000 after buying an additional 26,157 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Glacier Bancorp during the 2nd quarter valued at approximately $2,011,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 3.3%

Shares of GBCI stock opened at $54.44 on Friday. The business’s 50 day moving average is $49.11 and its two-hundred day moving average is $48.05. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $54.58. The company has a market capitalization of $7.08 billion, a P/E ratio of 25.44 and a beta of 0.72. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The business had revenue of $309.61 million during the quarter. During the same quarter last year, the company earned $0.48 EPS. Equities analysts forecast that Glacier Bancorp will post 3.16 EPS for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 61.68%.

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.