Glacier Bancorp, Inc. (NYSE:GBCI) Receives Average Recommendation of “Hold” from Brokerages

Glacier Bancorp, Inc. (NYSE:GBCI) has received an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $55.1667.

A number of brokerages recently weighed in on GBCI. DA Davidson boosted their price target on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Piper Sandler boosted their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Stephens boosted their price objective on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th.

Institutional Investors Weigh In On Glacier Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its position in shares of Glacier Bancorp by 33.9% during the first quarter. Assetmark Inc. now owns 813 shares of the company’s stock valued at $36,000 after buying an additional 206 shares during the period. Front Street Capital Management Inc. increased 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 valued at $852,000 after buying an additional 213 shares during the period. MML Investors Services LLC increased 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 valued at $222,000 after buying an additional 221 shares during the period. Global Retirement Partners LLC increased its position 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 valued at $34,000 after buying an additional 223 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Glacier Bancorp by 1.2% during 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 during the period. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

GBCI opened at $49.25 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 23.01 and a beta of 0.74. The firm’s fifty day moving average price is $47.85 and its two-hundred day moving average price is $46.91. Glacier Bancorp has a 1 year low of $39.90 and a 1 year high of $53.99.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm earned $0.48 earnings per share. As a group, analysts anticipate that Glacier Bancorp will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, April 7th. Glacier Bancorp’s payout ratio is currently 61.68%.

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.