Brokerages Set Glacier Bancorp, Inc. (NYSE:GBCI) Target Price at $55.67

Glacier Bancorp, Inc. (NYSE:GBCI) has received an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $55.1667.

A number of equities research analysts have recently issued reports on the stock. Brean Capital cut shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. DA Davidson boosted their target price on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Piper Sandler boosted their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Stephens boosted their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday.

Institutional Investors Weigh In On Glacier Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Front Street Capital Management Inc. lifted its position in Glacier Bancorp by 1.1% during the fourth quarter. Front Street Capital Management Inc. now owns 19,335 shares of the company’s stock worth $852,000 after purchasing an additional 213 shares during the period. MML Investors Services LLC lifted its position in Glacier Bancorp by 4.6% during the fourth quarter. MML Investors Services LLC now owns 5,047 shares of the company’s stock worth $222,000 after purchasing an additional 221 shares during the period. Global Retirement Partners LLC lifted its position in 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 purchasing an additional 223 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Glacier Bancorp by 1.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the company’s stock worth $855,000 after purchasing an additional 225 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Glacier Bancorp by 20.4% during the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $78,000 after purchasing an additional 273 shares during the period. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 0.0%

Shares of Glacier Bancorp stock opened at $49.07 on Monday. The firm has a 50-day moving average of $46.30 and a 200-day moving average of $45.79. The stock has a market cap of $6.38 billion, a PE ratio of 22.93 and a beta of 0.76. Glacier Bancorp has a 52-week low of $39.90 and a 52-week high of $53.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $306.76 million during the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same period in the previous year, the firm posted $0.48 EPS. As a group, sell-side analysts forecast that Glacier Bancorp will post 3.16 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, April 7th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s payout ratio is presently 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.