Glacier Bancorp (NASDAQ:GBCI) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Glacier Bancorp, Inc. (NASDAQ:GBCI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.49 and traded as high as $48.49. Glacier Bancorp shares last traded at $47.8650, with a volume of 793,176 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Raymond James Financial reduced their price target on shares of Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Piper Sandler upgraded Glacier Bancorp from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $50.00 to $58.00 in a research report on Thursday, December 18th. DA Davidson reissued a “buy” rating and issued a $58.00 target price on shares of Glacier Bancorp in a report on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods upgraded Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Buy” and an average price target of $53.60.

Glacier Bancorp Stock Down 1.1%

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day moving average price is $44.11 and its two-hundred day moving average price is $45.49. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 28.66 and a beta of 0.75.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 16th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.05). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period in the previous year, the company earned $0.46 EPS. As a group, sell-side analysts forecast that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 9th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, December 9th. Glacier Bancorp’s dividend payout ratio is 64.71%.

Insider Buying and Selling

In other news, insider Ryan Thomas Screnar acquired 979 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $41.88 per share, for a total transaction of $41,000.52. Following the transaction, the insider directly owned 10,842 shares in the company, valued at approximately $454,062.96. This represents a 9.93% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Randall M. Chesler acquired 2,437 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average cost of $40.91 per share, for a total transaction of $99,697.67. Following the completion of the purchase, the chief executive officer directly owned 7,422 shares in the company, valued at $303,634.02. This trade represents a 48.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 8,852 shares of company stock valued at $364,484 in the last ninety days. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in Glacier Bancorp by 1.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,630 shares of the bank’s stock valued at $544,000 after purchasing an additional 240 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Glacier Bancorp by 9.5% during the 2nd quarter. AlphaQuest LLC now owns 3,001 shares of the bank’s stock worth $129,000 after buying an additional 260 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Glacier Bancorp by 20.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the bank’s stock valued at $78,000 after buying an additional 273 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Glacier Bancorp by 9.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,706 shares of the bank’s stock valued at $163,000 after buying an additional 306 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Glacier Bancorp by 0.4% in the second quarter. M&T Bank Corp now owns 69,744 shares of the bank’s stock valued at $3,004,000 after buying an additional 307 shares in the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana, serving communities across the western United States. Through its primary banking subsidiary, Glacier Bank, the company offers a range of financial products, including commercial and consumer lending, deposit accounts, treasury management, mortgage banking, wealth management and insurance services. With locations in dozens of branches across Montana, Idaho, Wyoming, Nevada, Utah, Washington, Colorado and Arizona, it caters to individuals, small businesses and agribusiness clients.

Since its establishment in the mid-20th century as a community-focused savings institution, Glacier Bancorp has grown through both organic expansion and strategic acquisitions of regional banks, strengthening its presence in local markets.