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

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $55.6667.

A number of equities research analysts have recently commented on the company. Janney Montgomery Scott started coverage on Glacier Bancorp in a research report on Tuesday, February 10th. They set a “neutral” rating and a $55.00 target price on the stock. DA Davidson upped their price target on Glacier Bancorp from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Piper Sandler set a $59.00 price target on Glacier Bancorp and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Glacier Bancorp in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th.

Institutional Investors Weigh In On Glacier Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in GBCI. Corient Private Wealth LLC grew its position in shares of Glacier Bancorp by 11.8% in the fourth quarter. Corient Private Wealth LLC now owns 9,726 shares of the company’s stock valued at $431,000 after purchasing an additional 1,026 shares during the period. Hsbc Holdings PLC increased its stake in shares of Glacier Bancorp by 881.8% during the fourth quarter. Hsbc Holdings PLC now owns 43,453 shares of the company’s stock worth $1,919,000 after purchasing an additional 39,027 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Glacier Bancorp during the 4th quarter worth about $35,000. MidFirst Bank purchased a new position in Glacier Bancorp in the 4th quarter valued at about $253,000. Finally, Invesco Ltd. lifted its stake in Glacier Bancorp by 1.8% in the 4th quarter. Invesco Ltd. now owns 213,884 shares of the company’s stock valued at $9,422,000 after buying an additional 3,738 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Performance

GBCI opened at $44.08 on Friday. The firm has a fifty day moving average price of $48.37 and a 200 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 stock has a market cap of $5.73 billion, a P/E ratio of 22.15 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.83 and a quick ratio of 0.82.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%. During the same quarter in the previous year, the firm posted $0.54 earnings per share.

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.