Glacier Bancorp, Inc. (NYSE:GBCI) Stock Has Average Target Price of $56.40 According to Analysts

Glacier Bancorp, Inc. (NYSE:GBCI) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $56.40.

Several research analysts recently weighed in on the company. DA Davidson reiterated a “buy” rating and set a $58.00 price target on shares of Glacier Bancorp in a research report on Monday, July 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th.

Key Headlines Impacting Glacier Bancorp

Here are the key news stories impacting Glacier Bancorp this week:

• Positive Sentiment: Record quarterly profit: Third-quarter net income reached $105 million, up 54% year over year and 7% sequentially. Diluted EPS was approximately $0.80–$0.81, exceeding the $0.79 consensus estimate and rising from $0.57 a year earlier. Glacier Bancorp Announces Third-Quarter Results
• Positive Sentiment: Efficiency initiatives support the outlook: Management outlined a 54% to 55% efficiency target while maintaining its fourth-quarter expense guidance of $187 million to $192 million. Meeting or improving these targets could support future earnings growth. Glacier Bancorp Efficiency Target and Expense Guidance
• Positive Sentiment: Strong year-over-year improvement: Earnings increased substantially from the prior-year quarter, with reported net margin of 19.72% and return on equity of 7.97%, reinforcing the positive earnings momentum. Glacier Bancorp Earnings Results
• Neutral Sentiment: Analysts and investors are reviewing third-quarter credit metrics, including reported net charge-offs, as part of evaluating the bank’s asset quality and risk outlook. Glacier Bancorp Net Charge-Offs
• Neutral Sentiment: A separate valuation analysis argues that GBCI may be about 25% undervalued based on excess-return assumptions, potentially supporting investor interest, although the estimate is model-dependent. Glacier Bancorp Valuation Analysis
• Negative Sentiment: Despite the earnings beat, quarterly revenue was reported at $333.42 million and was characterized in some coverage as below analyst expectations, limiting the strength of the overall results. Glacier Bancorp Revenue Report

Insider Activity at Glacier Bancorp

In other Glacier Bancorp news, Chairman Craig Langel bought 2,250 shares of Glacier Bancorp stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $47.04 per share, with a total value of $105,840.00. Following the purchase, the chairman directly owned 98,684 shares in the company, valued at $4,642,095.36. This represents a 2.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Glacier Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Glacier Bancorp during the second quarter worth about $913,766,000. Deprince Race & Zollo Inc. boosted its holdings in Glacier Bancorp by 13.4% in the 1st quarter. Deprince Race & Zollo Inc. now owns 1,885,725 shares of the company’s stock worth $84,235,000 after buying an additional 223,318 shares during the last quarter. Bank of America Corp DE purchased a new stake in Glacier Bancorp during the 2nd quarter worth approximately $62,719,000. Madison Asset Management LLC purchased a new stake in Glacier Bancorp during the 2nd quarter worth approximately $59,048,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Glacier Bancorp in the second quarter valued at approximately $55,775,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 4.1%

Shares of Glacier Bancorp stock opened at $47.89 on Tuesday. The stock has a market cap of $6.24 billion, a PE ratio of 17.94 and a beta of 0.77. The firm has a fifty day moving average price of $45.27 and a 200 day moving average price of $47.80. Glacier Bancorp has a 1 year low of $39.90 and a 1 year high of $54.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The company had revenue of $333.42 million for the quarter. Glacier Bancorp had a net margin of 21.24% and a return on equity of 8.42%. During the same period in the previous year, the company posted $0.57 earnings per share. Equities research analysts predict that Glacier Bancorp will post 3.10 earnings per share for the current year.

Glacier Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, October 6th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 2.9%. Glacier Bancorp’s dividend payout ratio is 52.43%.

About Glacier Bancorp

Glacier Bancorp, Inc is a regional bank holding company headquartered in Kalispell, Montana. Through its banking subsidiaries, including Glacier Bank, the company provides financial services to individuals, families, businesses and community organizations across the Mountain West and Inland Northwest.

The company’s products and services include checking and savings accounts, certificates of deposit, consumer and residential mortgages, commercial and real estate lending, agricultural loans, cash-management services and online and mobile banking.