Glacier Bancorp, Inc. (NYSE:GBCI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Glacier Bancorp, Inc. (NYSE:GBCI) has been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $55.1667.

GBCI has been the topic of several research reports. Weiss Ratings raised Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. DA Davidson reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Glacier Bancorp in a report on Monday, July 27th. 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 note on Wednesday, April 29th. Finally, 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.

Glacier Bancorp Trading Up 0.1%

NYSE GBCI opened at $49.17 on Thursday. The company’s fifty day simple moving average is $50.21 and its 200-day simple moving average is $48.50. Glacier Bancorp has a 52 week low of $39.90 and a 52 week high of $54.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.40 billion, a P/E ratio of 20.15 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The business had revenue of $320.94 million for the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.During the same period in the previous year, the firm posted $0.57 earnings per share. Equities research analysts predict that Glacier Bancorp will post 3.11 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were given a dividend of $0.33 per share. 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, July 7th. Glacier Bancorp’s dividend payout ratio is currently 54.10%.

Institutional Investors Weigh In On Glacier Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC grew its holdings in shares of Glacier Bancorp by 122.5% during the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Glacier Bancorp during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Glacier Bancorp by 41.2% in the 4th 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 last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Glacier Bancorp during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds 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.