Glacier Bancorp, Inc. (NYSE:GBCI) Given Consensus Rating of “Moderate Buy” by Brokerages

Glacier Bancorp, Inc. (NYSE:GBCI) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $55.1667.

GBCI has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and issued a $58.00 target price on shares of Glacier Bancorp in a research note on Monday, July 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its position in Glacier Bancorp by 33.9% in the first quarter. Assetmark Inc. now owns 813 shares of the company’s stock valued at $36,000 after purchasing an additional 206 shares during the period. Front Street Capital Management Inc. boosted 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 company’s stock worth $852,000 after buying an additional 213 shares during the period. MML Investors Services LLC boosted its position in shares of Glacier Bancorp by 4.6% during the fourth quarter. MML Investors Services LLC now owns 5,047 shares of the company’s stock worth $222,000 after buying an additional 221 shares during the period. Global Retirement Partners LLC grew its stake in shares of Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after buying an additional 223 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Glacier Bancorp by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the company’s stock valued at $855,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 0.1%

Shares of GBCI opened at $46.95 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. Glacier Bancorp has a one year low of $39.90 and a one year high of $54.58. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 19.24 and a beta of 0.74. The stock has a 50 day moving average price of $50.15 and a 200 day moving average price of $48.27.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. The company had revenue of $320.94 million for the quarter. During the same period last year, the firm earned $0.57 EPS. Equities research analysts forecast that Glacier Bancorp will post 3.11 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were issued a $0.33 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. Glacier Bancorp’s dividend payout ratio is currently 54.10%.

About Glacier Bancorp

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.