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

Glacier Bancorp, Inc. (NYSE:GBCI) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $55.1667.

Several equities research analysts have weighed in on GBCI shares. Piper Sandler increased their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Stephens raised their price objective on Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. DA Davidson reiterated a “buy” rating and set a $58.00 target price on shares of Glacier Bancorp in a report on Monday, July 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Glacier Bancorp in a report on Monday, July 20th.

Glacier Bancorp Price Performance

Shares of GBCI opened at $50.05 on Thursday. The stock has a market cap of $6.51 billion, a P/E ratio of 20.51 and a beta of 0.74. Glacier Bancorp has a 1 year low of $39.90 and a 1 year high of $54.58. The stock’s 50-day moving average price is $50.02 and its two-hundred day moving average price is $48.49. 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 announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. The business had revenue of $320.94 million for the quarter. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, equities analysts predict that Glacier Bancorp will post 3.15 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. Glacier Bancorp’s payout ratio is presently 54.10%.

Institutional Investors Weigh In On Glacier Bancorp

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC lifted its position in Glacier Bancorp by 122.5% in the 1st quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after acquiring an additional 359 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Glacier Bancorp in the 4th quarter valued at about $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 boosted its position in shares of Glacier Bancorp by 41.2% during the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after buying an additional 223 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Glacier Bancorp during the fourth quarter worth about $35,000. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Company Profile

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.