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

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $55.6667.

GBCI has been the subject of several recent research reports. DA Davidson upped their target price on Glacier Bancorp from $55.00 to $58.00 and gave the company a “buy” rating in a report on Monday, January 26th. Stephens set a $58.00 price objective on Glacier Bancorp in a report on Monday, January 26th. Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Brean Capital lowered Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of Glacier Bancorp in a research note on Monday, January 26th.

Glacier Bancorp Trading Up 2.8%

Shares of NYSE GBCI opened at $47.42 on Thursday. The stock’s 50 day moving average price is $47.20 and its two-hundred day moving average price is $45.78. Glacier Bancorp has a 52-week low of $36.76 and a 52-week high of $53.99. The stock has a market capitalization of $6.17 billion, a P/E ratio of 23.83 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16.

Glacier Bancorp (NYSE:GBCI) last posted its earnings results on Thursday, January 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.13). Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%. During the same period in the prior year, the business earned $0.54 EPS.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 66.33%.

Institutional Trading of Glacier Bancorp

Hedge funds have recently modified their holdings of the business. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Glacier Bancorp in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after purchasing an additional 490 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Glacier Bancorp in the third quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Glacier Bancorp in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

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.