Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $50.00.

Several analysts recently issued reports on GBCI shares. Raymond James Financial set a $45.00 price objective on shares of Glacier Bancorp in a research note on Monday, April 28th. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Finally, Janney Montgomery Scott raised shares of Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Thursday, June 5th.

Institutional Trading of Glacier Bancorp

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of Glacier Bancorp by 5.3% in the 4th quarter. Signaturefd LLC now owns 3,978 shares of the bank's stock worth $200,000 after acquiring an additional 201 shares during the last quarter. Piedmont Capital Management LLC lifted its holdings in shares of Glacier Bancorp by 4.5% in the 4th quarter. Piedmont Capital Management LLC now owns 5,256 shares of the bank's stock worth $262,000 after acquiring an additional 224 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Glacier Bancorp by 0.8% in the 4th quarter. Arizona State Retirement System now owns 32,909 shares of the bank's stock worth $1,653,000 after acquiring an additional 259 shares during the last quarter. CWM LLC lifted its holdings in shares of Glacier Bancorp by 0.7% in the 1st quarter. CWM LLC now owns 39,635 shares of the bank's stock worth $1,753,000 after acquiring an additional 285 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of Glacier Bancorp by 2.4% in the 4th quarter. Mariner LLC now owns 12,430 shares of the bank's stock worth $624,000 after acquiring an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company's stock.

Glacier Bancorp Price Performance

NASDAQ GBCI traded up $0.23 during trading hours on Friday, hitting $40.42. 510,091 shares of the company's stock traded hands, compared to its average volume of 647,369. Glacier Bancorp has a 52-week low of $34.71 and a 52-week high of $60.67. The company has a market capitalization of $4.59 billion, a PE ratio of 24.20 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's 50-day moving average is $41.35 and its 200-day moving average is $46.20.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Equities analysts forecast that Glacier Bancorp will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.27%. Glacier Bancorp's dividend payout ratio (DPR) is 70.97%.

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.