Analysts Set Glacier Bancorp, Inc. (NASDAQ:GBCI) PT at $48.83

Glacier Bancorp, Inc. (NASDAQ:GBCI) has been assigned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $48.83.

A number of research firms have weighed in on GBCI. Truist Financial lifted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler increased their target price on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Raymond James raised their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd.

Institutional Trading of Glacier Bancorp

A number of hedge funds have recently made changes to their positions in GBCI. Barclays PLC raised its position in Glacier Bancorp by 65.6% during the third quarter. Barclays PLC now owns 247,717 shares of the bank’s stock valued at $11,321,000 after purchasing an additional 98,158 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Glacier Bancorp by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock valued at $132,662,000 after purchasing an additional 41,160 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Glacier Bancorp during the 3rd quarter valued at about $543,000. BNP Paribas Financial Markets lifted its position in Glacier Bancorp by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank’s stock worth $2,111,000 after buying an additional 19,814 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Glacier Bancorp by 30.9% in the third quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock worth $15,132,000 after buying an additional 78,107 shares in the last quarter. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Stock Up 0.4 %

Glacier Bancorp stock opened at $51.13 on Friday. The firm has a 50 day simple moving average of $54.11 and a 200 day simple moving average of $46.47. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. Glacier Bancorp has a 1-year low of $34.35 and a 1-year high of $60.67. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 31.56 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The firm had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same period last year, the company earned $0.47 earnings per share. On average, analysts predict that Glacier Bancorp will post 1.7 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio is currently 81.48%.

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.