Glacier Bancorp, Inc. (NYSE:GBCI) Given Average Recommendation of “Hold” by Brokerages

Glacier Bancorp, Inc. (NYSE:GBCI) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $55.1667.

Several research analysts have recently weighed in on GBCI shares. 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. DA Davidson boosted their price target on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, April 27th. Piper Sandler upped their price target 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 raised their price objective on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th.

Glacier Bancorp Trading Up 0.2%

GBCI traded up $0.10 during trading on Friday, reaching $51.43. The company had a trading volume of 909,229 shares, compared to its average volume of 1,276,245. The firm’s 50-day simple moving average is $48.82 and its 200 day simple moving average is $47.83. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 24.03 and a beta of 0.72. Glacier Bancorp has a 12-month low of $39.90 and a 12-month 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 posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The firm had revenue of $309.61 million for the quarter. During the same quarter in the previous year, the firm posted $0.48 EPS. Equities research analysts anticipate that Glacier Bancorp will post 3.16 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. Glacier Bancorp’s dividend payout ratio is presently 61.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC raised its position in 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 buying an additional 359 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in Glacier Bancorp in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its position in Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after acquiring an additional 490 shares during the period. Global Retirement Partners LLC boosted its position in Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Glacier Bancorp during the 4th quarter valued at about $35,000. Hedge funds and other 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.