Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives Average Rating of “Hold” from Brokerages

Glacier Bancorp, Inc. (NASDAQ:GBCI) has earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Four investment 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 covered the stock in the last year is $52.00.

GBCI has been the subject of several recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Truist Financial boosted their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Piper Sandler raised their target price on shares of Glacier Bancorp from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th.

Institutional Investors Weigh In On Glacier Bancorp

A number of large investors have recently modified their holdings of GBCI. SG Americas Securities LLC raised its position in Glacier Bancorp by 39.2% in the fourth quarter. SG Americas Securities LLC now owns 15,873 shares of the bank’s stock valued at $797,000 after purchasing an additional 4,469 shares during the last quarter. Argent Capital Management LLC increased its stake in shares of Glacier Bancorp by 38.6% in the fourth quarter. Argent Capital Management LLC now owns 17,411 shares of the bank’s stock valued at $874,000 after buying an additional 4,853 shares during the period. Park Avenue Securities LLC bought a new position in Glacier Bancorp in the 4th quarter valued at approximately $273,000. GAMMA Investing LLC boosted its position in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after buying an additional 526 shares during the period. Finally, Synovus Financial Corp boosted its position in Glacier Bancorp by 79.2% during the 3rd quarter. Synovus Financial Corp now owns 32,484 shares of the bank’s stock worth $1,485,000 after buying an additional 14,359 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $51.13 on Thursday. Glacier Bancorp has a 52 week low of $34.35 and a 52 week high of $60.67. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 31.56 and a beta of 0.81. The company has a 50-day simple moving average of $53.66 and a 200 day simple moving average of $48.17. 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 (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) 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 previous year, the company posted $0.47 earnings per share. On average, sell-side analysts predict that Glacier Bancorp will post 1.73 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.58%. Glacier Bancorp’s dividend payout ratio (DPR) 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.