Glacier Bancorp (NASDAQ:GBCI) Research Coverage Started at Janney Montgomery Scott

Janney Montgomery Scott initiated coverage on shares of Glacier Bancorp (NASDAQ:GBCI) in a report issued on Tuesday. The firm issued a neutral rating and a $55.00 target price on the bank’s stock.

Several other research firms also recently issued reports on GBCI. Keefe, Bruyette & Woods restated an “underperform” rating on shares of Glacier Bancorp in a report on Monday, January 26th. DA Davidson boosted their price target on shares of Glacier Bancorp from $55.00 to $58.00 and gave the company a “buy” rating in a report on Monday, January 26th. Piper Sandler upgraded shares of Glacier Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $50.00 to $58.00 in a research report on Thursday, December 18th. Stephens set a $58.00 price objective on shares of Glacier Bancorp in a research report on Monday, January 26th. Finally, Raymond James Financial cut their target price on shares of Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Glacier Bancorp Stock Performance

GBCI opened at $51.06 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm has a market cap of $6.63 billion, a PE ratio of 30.58 and a beta of 0.76. The business has a fifty day simple moving average of $47.29 and a 200-day simple moving average of $46.09. Glacier Bancorp has a fifty-two week low of $36.76 and a fifty-two week high of $53.99.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, January 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%.During the same period last year, the business earned $0.54 EPS. As a group, equities analysts predict that Glacier Bancorp will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC raised its stake in shares of Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the bank’s stock worth $34,000 after purchasing an additional 223 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Glacier Bancorp by 1.9% in the second quarter. Janney Montgomery Scott LLC now owns 12,630 shares of the bank’s stock worth $544,000 after buying an additional 240 shares during the last quarter. AlphaQuest LLC raised its position in Glacier Bancorp by 9.5% during the second quarter. AlphaQuest LLC now owns 3,001 shares of the bank’s stock valued at $129,000 after acquiring an additional 260 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Glacier Bancorp by 20.4% in the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the bank’s stock valued at $78,000 after acquiring an additional 273 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Glacier Bancorp by 9.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,706 shares of the bank’s stock worth $163,000 after acquiring an additional 306 shares in the last quarter. 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, 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.