Glacier Bancorp, Inc. (NYSE:GBCI) Receives $55.67 Average Target Price from Analysts

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.6667.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler set a $59.00 target price on shares of Glacier Bancorp and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Stephens set a $58.00 target price on shares of Glacier Bancorp in a research note on Monday, January 26th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th.

Glacier Bancorp Price Performance

NYSE GBCI opened at $45.50 on Thursday. The business’s fifty day moving average price is $47.33 and its 200-day moving average price is $45.84. 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 has a 1-year low of $36.76 and a 1-year high of $53.99. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 22.86 and a beta of 0.73.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings results 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 prior year, the firm earned $0.54 earnings per share.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. Glacier Bancorp’s payout ratio is presently 66.33%.

Institutional Investors Weigh In On Glacier Bancorp

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at $67,582,000. Vanguard Group Inc. raised its stake in Glacier Bancorp by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock worth $588,471,000 after acquiring an additional 870,335 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Glacier Bancorp during the 2nd quarter worth $24,362,000. State Street Corp lifted its position in Glacier Bancorp by 9.9% in the fourth quarter. State Street Corp now owns 6,178,363 shares of the company’s stock valued at $272,157,000 after acquiring an additional 557,873 shares during the last quarter. Finally, Jain Global LLC boosted its stake in Glacier Bancorp by 289.5% in the fourth quarter. Jain Global LLC now owns 750,098 shares of the company’s stock valued at $33,042,000 after acquiring an additional 557,529 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.