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

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $55.1667.

Several research analysts have issued reports on GBCI shares. Wall Street Zen upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Stephens raised their price target on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. DA Davidson raised their price target on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler raised their price target 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.

Institutional Trading of Glacier Bancorp

Several hedge funds have recently bought and sold shares of GBCI. Root Financial Partners LLC grew its position in Glacier Bancorp by 122.5% in the 1st 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 period. Eurizon Capital SGR S.p.A. acquired a new stake in Glacier Bancorp in the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after purchasing an additional 490 shares during the period. Global Retirement Partners LLC grew its position in Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Glacier Bancorp in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Stock Down 1.4%

Shares of NYSE GBCI opened at $49.25 on Tuesday. The company has a 50 day simple moving average of $47.85 and a 200 day simple moving average of $46.91. The firm has a market cap of $6.41 billion, a PE ratio of 23.01 and a beta of 0.74. Glacier Bancorp has a 1 year low of $39.90 and a 1 year high of $53.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data 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. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The business had revenue of $309.61 million during the quarter. During the same quarter last year, the business earned $0.48 EPS. On average, research analysts forecast that Glacier Bancorp will post 3.16 EPS for the current year.

Glacier Bancorp Announces Dividend

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