Glacier Bancorp, Inc. (NYSE:GBCI) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate Glacier Bancorp “Hold” on average: Of seven analysts, four recommend buying, two recommend holding and one recommends selling. The average 12-month price target is $56.40, above the reported share price of $43.62.
• Glacier Bancorp reported quarterly EPS of $0.76, matching consensus estimates, on revenue of $320.94 million. Analysts expect full-year EPS of approximately $3.10.
• The company increased its quarterly dividend from $0.33 to $0.35 per share, representing a $1.40 annualized payout and a 3.2% yield; institutional investors own 80.17% of the stock.

Glacier Bancorp, Inc. (NYSE:GBCI - Get Free Report) has received an average rating of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $56.40.

GBCI has been the subject of several research analyst reports. DA Davidson reaffirmed a "buy" rating and set a $58.00 target price on shares of Glacier Bancorp in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Glacier Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th.

Glacier Bancorp Stock Performance

NYSE GBCI opened at $43.62 on Tuesday. The stock has a market cap of $5.68 billion, a PE ratio of 17.88 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $54.58. The stock has a fifty day simple moving average of $45.57 and a 200-day simple moving average of $47.81.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.76. The firm had revenue of $320.94 million during the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%. During the same period in the previous year, the business posted $0.57 earnings per share. Equities analysts anticipate that Glacier Bancorp will post 3.10 earnings per share for the current year.

Glacier Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, October 6th were issued a $0.35 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. This is an increase from Glacier Bancorp's previous quarterly dividend of $0.33. Glacier Bancorp's dividend payout ratio (DPR) is currently 57.38%.

Insider Buying and Selling at Glacier Bancorp

In related news, Chairman Craig Langel acquired 2,250 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of $47.04 per share, with a total value of $105,840.00. Following the transaction, the chairman owned 98,684 shares of the company's stock, valued at approximately $4,642,095.36. This trade represents a 2.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Glacier Bancorp by 33.9% during the first quarter. Assetmark Inc. now owns 813 shares of the company's stock worth $36,000 after purchasing an additional 206 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Glacier Bancorp by 122.5% during the first quarter. Root Financial Partners LLC now owns 652 shares of the company's stock worth $29,000 after purchasing an additional 359 shares during the period. California Public Employees Retirement System grew its position in Glacier Bancorp by 0.3% in the 1st quarter. California Public Employees Retirement System now owns 152,065 shares of the company's stock valued at $6,793,000 after buying an additional 385 shares during the last quarter. Gradient Investments LLC grew its position in Glacier Bancorp by 0.7% in the 2nd quarter. Gradient Investments LLC now owns 58,919 shares of the company's stock valued at $3,039,000 after buying an additional 430 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in Glacier Bancorp by 1.6% in the 1st quarter. State of Michigan Retirement System now owns 30,936 shares of the company's stock valued at $1,382,000 after buying an additional 500 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a regional bank holding company headquartered in Kalispell, Montana. Through its banking subsidiaries, including Glacier Bank, the company provides financial services to individuals, families, businesses and community organizations across the Mountain West and Inland Northwest.

The company's products and services include checking and savings accounts, certificates of deposit, consumer and residential mortgages, commercial and real estate lending, agricultural loans, cash-management services and online and mobile banking.

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