Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $51.50 Consensus PT from Brokerages

Glacier Bancorp, Inc. (NASDAQ:GBCI) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $51.50.

A number of brokerages have recently commented on GBCI. Piper Sandler decreased their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Raymond James restated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Glacier Bancorp Stock Up 1.6 %

Shares of NASDAQ:GBCI opened at $46.25 on Friday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 27.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day moving average price of $49.49 and a two-hundred day moving average price of $49.98. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new stake in Glacier Bancorp during the 4th quarter valued at $33,000. Mather Group LLC. increased its position in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after acquiring an additional 362 shares during the period. VisionPoint Advisory Group LLC bought a new position in shares of Glacier Bancorp during the fourth quarter valued at about $63,000. Bridge Generations Wealth Management LLC purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth about $70,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

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.