Glacier Bancorp, Inc. (NYSE:GBCI) Receives $55.17 Average Price Target from Brokerages

Glacier Bancorp, Inc. (NYSE:GBCI) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $55.1667.

Several equities research analysts have recently issued reports on the company. Stephens raised their price target on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. DA Davidson upped their price target on Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Piper Sandler upped their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th.

Hedge Funds Weigh In On Glacier Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of Glacier Bancorp by 33.9% during the first quarter. Assetmark Inc. now owns 813 shares of the company’s stock valued at $36,000 after buying an additional 206 shares during the last quarter. Front Street Capital Management Inc. boosted its holdings in shares of Glacier Bancorp by 1.1% during the 4th quarter. Front Street Capital Management Inc. now owns 19,335 shares of the company’s stock valued at $852,000 after acquiring an additional 213 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Glacier Bancorp by 4.6% during the 4th quarter. MML Investors Services LLC now owns 5,047 shares of the company’s stock valued at $222,000 after acquiring an additional 221 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Glacier Bancorp by 41.2% in the fourth 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, Vanguard Personalized Indexing Management LLC grew its stake in shares of Glacier Bancorp by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the company’s stock worth $855,000 after acquiring an additional 225 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Trading Up 0.0%

Shares of GBCI stock opened at $51.78 on Friday. Glacier Bancorp has a 12 month low of $39.90 and a 12 month high of $53.99. The company has a market cap of $6.74 billion, a PE ratio of 24.20 and a beta of 0.72. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $48.94 and its two-hundred day moving average is $47.93.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $309.61 million during the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities analysts predict that Glacier Bancorp will post 3.16 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. Glacier Bancorp’s dividend payout ratio is currently 61.68%.

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.