Analysts Set Glacier Bancorp, Inc. (NASDAQ:GBCI) Price Target at $55.67

Glacier Bancorp, Inc. (NASDAQ:GBCI) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $55.6667.

GBCI has been the subject of a number of research reports. Piper Sandler set a $59.00 price target on shares of Glacier Bancorp and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th. Stephens set a $58.00 target price on Glacier Bancorp in a research note on Monday, January 26th. Janney Montgomery Scott began coverage on Glacier Bancorp in a research report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, DA Davidson upped their price target on Glacier Bancorp from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, January 26th.

Institutional Trading of Glacier Bancorp

Several hedge funds have recently bought and sold shares of GBCI. Invesco Ltd. raised its holdings in Glacier Bancorp by 1.8% during the fourth quarter. Invesco Ltd. now owns 213,884 shares of the bank’s stock worth $9,422,000 after buying an additional 3,738 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Glacier Bancorp by 11.8% during the fourth quarter. Corient Private Wealth LLC now owns 9,726 shares of the bank’s stock valued at $431,000 after buying an additional 1,026 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Glacier Bancorp by 28.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,751 shares of the bank’s stock valued at $1,355,000 after buying an additional 6,788 shares during the last quarter. Front Street Capital Management Inc. increased its position in shares of Glacier Bancorp by 1.1% during the fourth quarter. Front Street Capital Management Inc. now owns 19,335 shares of the bank’s stock worth $852,000 after acquiring an additional 213 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter worth about $23,599,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $50.44 on Friday. The business has a 50-day moving average price of $48.16 and a two-hundred day moving average price of $46.38. Glacier Bancorp has a 1-year low of $36.76 and a 1-year high of $53.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market cap of $6.55 billion, a P/E ratio of 30.20 and a beta of 0.76.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, January 22nd. The bank reported $0.49 earnings per share 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 in the prior year, the company earned $0.54 earnings per share. As a group, analysts anticipate that Glacier Bancorp will post 2.45 EPS for the current year.

About Glacier Bancorp

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.