Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $46.20 Consensus PT from Analysts

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have received an average rating of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.20.

GBCI has been the topic of a number of research reports. Raymond James boosted their price target on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial boosted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Piper Sandler increased their price objective on Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, October 28th.

Hedge Funds Weigh In On Glacier Bancorp

Several large investors have recently modified their holdings of GBCI. CANADA LIFE ASSURANCE Co raised its holdings in Glacier Bancorp by 21.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank’s stock valued at $3,160,000 after acquiring an additional 13,655 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Glacier Bancorp by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 81,150 shares of the bank’s stock worth $3,269,000 after purchasing an additional 4,069 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Glacier Bancorp in the 1st quarter valued at $477,000. Cetera Advisors LLC increased its position in Glacier Bancorp by 34.9% during the 1st quarter. Cetera Advisors LLC now owns 12,596 shares of the bank’s stock worth $507,000 after buying an additional 3,256 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in shares of Glacier Bancorp by 34.6% in the first quarter. Westwood Holdings Group Inc. now owns 485,574 shares of the bank’s stock valued at $19,559,000 after acquiring an additional 124,891 shares during the period. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Price Performance

Shares of GBCI stock opened at $57.29 on Wednesday. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 35.36 and a beta of 0.79. Glacier Bancorp has a 12-month low of $34.35 and a 12-month high of $60.67. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $51.52 and a 200-day moving average of $44.66.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same quarter last year, the firm posted $0.47 earnings per share. On average, equities research analysts forecast that Glacier Bancorp will post 1.7 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.30%. Glacier Bancorp’s dividend payout ratio is currently 81.48%.

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.