DA Davidson Predicts Stronger Earnings for Glacier Bancorp

Glacier Bancorp, Inc. (NASDAQ:GBCI) – Research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of Glacier Bancorp in a research report issued to clients and investors on Monday, January 27th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $2.90 for the year, up from their prior estimate of $2.35. The consensus estimate for Glacier Bancorp’s current full-year earnings is $1.73 per share.

A number of other brokerages have also commented on GBCI. Truist Financial increased their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Raymond James reiterated an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods lifted their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler lowered their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Trading Down 1.7 %

Shares of NASDAQ GBCI opened at $49.01 on Wednesday. The firm has a market capitalization of $5.56 billion, a PE ratio of 30.25 and a beta of 0.81. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $52.86 and a two-hundred day moving average price of $48.83. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.69%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 81.48%.

Institutional Investors Weigh In On Glacier Bancorp

A number of hedge funds have recently made changes to their positions in GBCI. Renaissance Technologies LLC acquired a new stake in shares of Glacier Bancorp in the 2nd quarter valued at $2,523,000. Hsbc Holdings PLC raised its holdings in Glacier Bancorp by 7.6% during the 2nd quarter. Hsbc Holdings PLC now owns 8,498 shares of the bank’s stock worth $317,000 after purchasing an additional 600 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Glacier Bancorp by 14.3% in the 2nd quarter. AQR Capital Management LLC now owns 13,007 shares of the bank’s stock valued at $476,000 after purchasing an additional 1,627 shares during the last quarter. Millennium Management LLC grew its position in shares of Glacier Bancorp by 131.9% during the 2nd quarter. Millennium Management LLC now owns 477,154 shares of the bank’s stock worth $17,807,000 after buying an additional 271,398 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Glacier Bancorp by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 138,527 shares of the bank’s stock worth $5,170,000 after buying an additional 2,002 shares during the last quarter. Institutional investors and hedge funds 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.