Glacier Bancorp (NASDAQ:GBCI) Given New $45.00 Price Target at Piper Sandler

Glacier Bancorp (NASDAQ:GBCI) had its target price increased by Piper Sandler from $42.00 to $45.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the bank’s stock.

A number of other research firms have also commented on GBCI. Raymond James raised their price objective on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Truist Financial lifted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Glacier Bancorp has a consensus rating of “Hold” and an average target price of $46.20.

Glacier Bancorp Trading Down 2.2 %

NASDAQ:GBCI opened at $52.16 on Monday. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 32.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp has a 1 year low of $29.35 and a 1 year high of $53.93. The business has a fifty day moving average of $46.36 and a 200-day moving average of $41.52.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The firm had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts predict that Glacier Bancorp will post 1.63 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 2.53%. Glacier Bancorp’s dividend payout ratio (DPR) is 81.48%.

Institutional Investors Weigh In On Glacier Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Glacier Bancorp during the first quarter worth $25,000. International Assets Investment Management LLC purchased a new position in Glacier Bancorp in the 2nd quarter worth about $25,000. Headlands Technologies LLC purchased a new position in Glacier Bancorp in the 1st quarter worth about $50,000. GAMMA Investing LLC lifted its stake in Glacier Bancorp by 96.9% during the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after buying an additional 772 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Glacier Bancorp during the second quarter valued at about $207,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.