Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Consensus Rating of “Moderate Buy” by Analysts

Glacier Bancorp, Inc. (NASDAQ:GBCI) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $51.50.

GBCI has been the topic of a number of recent research reports. Raymond James restated an “outperform” rating and set a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Piper Sandler decreased their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods increased their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Glacier Bancorp Trading Down 2.8 %

Shares of GBCI stock opened at $44.23 on Friday. Glacier Bancorp has a 1 year low of $34.35 and a 1 year high of $60.67. 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 stock’s 50 day simple moving average is $49.28 and its two-hundred day simple moving average is $49.98. The company has a market cap of $5.02 billion, a PE ratio of 26.49 and a beta of 0.77.

Institutional Investors Weigh In On Glacier Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wood Tarver Financial Group LLC purchased a new position in Glacier Bancorp during the 4th quarter worth $33,000. Mather Group LLC. increased its holdings in Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Glacier Bancorp during the 4th quarter worth $63,000. Bridge Generations Wealth Management LLC purchased a new position in Glacier Bancorp during the 4th quarter worth $70,000. Finally, Smartleaf Asset Management LLC increased its holdings in Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after purchasing an additional 431 shares during the period. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.