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

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have earned an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three 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 issued a report on the stock in the last year is $55.1667.

Several research analysts have weighed in on the stock. Piper Sandler increased their price target on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Brean Capital cut shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Janney Montgomery Scott assumed coverage on shares of Glacier Bancorp in a report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, Stephens increased their price target on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GBCI. Root Financial Partners LLC increased its holdings in shares of Glacier Bancorp by 122.5% during the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock worth $29,000 after purchasing an additional 359 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Glacier Bancorp during the fourth quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Glacier Bancorp by 41.2% during the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after purchasing an additional 223 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Glacier Bancorp during the fourth quarter worth approximately $35,000. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Stock Down 0.3%

Glacier Bancorp stock opened at $47.80 on Friday. The stock has a market cap of $6.22 billion, a P/E ratio of 22.34 and a beta of 0.76. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $53.99. The company’s 50-day moving average price is $47.01 and its two-hundred day moving average price is $46.41.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $309.61 million for the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same period in the prior year, the company earned $0.48 earnings per share. As a group, analysts expect that Glacier Bancorp will post 3.16 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, April 7th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. Glacier Bancorp’s dividend payout ratio (DPR) 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.