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

Glacier Bancorp, Inc. (NASDAQ:GBCI) has received a consensus rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $46.20.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GBCI. Natixis Advisors LLC raised its stake in Glacier Bancorp by 30.9% during the third quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock worth $15,132,000 after purchasing an additional 78,107 shares during the period. Royce & Associates LP raised its position in shares of Glacier Bancorp by 25.5% during the 3rd quarter. Royce & Associates LP now owns 122,757 shares of the bank’s stock valued at $5,610,000 after buying an additional 24,915 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Glacier Bancorp in the third quarter valued at approximately $252,000. Victory Capital Management Inc. grew its position in Glacier Bancorp by 0.4% in the third quarter. Victory Capital Management Inc. now owns 1,534,667 shares of the bank’s stock worth $70,134,000 after acquiring an additional 6,394 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after acquiring an additional 927 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 11.1 %

Shares of Glacier Bancorp stock opened at $57.90 on Friday. The firm has a 50-day simple moving average of $46.88 and a two-hundred day simple moving average of $42.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. Glacier Bancorp has a fifty-two week low of $30.18 and a fifty-two week high of $58.50. The company has a market cap of $6.57 billion, a P/E ratio of 35.74 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The company had revenue of $324.28 million during the quarter, compared to analysts’ expectations of $212.57 million. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, equities analysts predict that Glacier Bancorp will post 1.65 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.28%. Glacier Bancorp’s payout ratio is 81.48%.

Glacier Bancorp Company Profile

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.