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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been given a consensus rating of “Hold” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $46.20.

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

Glacier Bancorp Stock Performance

Shares of NASDAQ GBCI opened at $57.89 on Wednesday. The company has a 50-day simple moving average of $51.04 and a 200-day simple moving average of $44.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $6.56 billion, a PE ratio of 35.73 and a beta of 0.77. Glacier Bancorp has a 12 month low of $33.23 and a 12 month high of $60.67.

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

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 81.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Glacier Bancorp during the second quarter worth about $25,000. GAMMA Investing LLC lifted its position in Glacier Bancorp by 96.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock worth $59,000 after acquiring an additional 772 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Glacier Bancorp by 44.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after acquiring an additional 927 shares in the last quarter. Wolverine Trading LLC purchased a new position in Glacier Bancorp in the 3rd quarter worth approximately $205,000. Finally, Intech Investment Management LLC acquired a new stake in Glacier Bancorp in the second quarter valued at approximately $207,000. 80.17% of the stock is owned by institutional investors and hedge funds.

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.