Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $56.00 Consensus PT from Analysts

Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $50.50.

A number of research analysts have recently weighed in on the company. Piper Sandler cut their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price objective on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday. Raymond James set a $45.00 target price on Glacier Bancorp in a report on Monday. Finally, Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd.

Glacier Bancorp Price Performance

Shares of NASDAQ GBCI traded down $0.72 during midday trading on Friday, reaching $40.64. 150,942 shares of the stock traded hands, compared to its average volume of 612,913. The company's 50 day moving average is $43.24 and its 200 day moving average is $49.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a one year low of $34.48 and a one year high of $60.67. The stock has a market capitalization of $4.61 billion, a PE ratio of 24.34 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period in the previous year, the business posted $0.29 earnings per share. On average, equities research analysts anticipate that Glacier Bancorp will post 2.45 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were issued a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.25%. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Glacier Bancorp during the 4th quarter worth $56,923,000. Madison Investment Advisors LLC acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at about $47,770,000. Millennium Management LLC raised its position in shares of Glacier Bancorp by 4,600.1% during the 4th quarter. Millennium Management LLC now owns 936,079 shares of the bank's stock worth $47,010,000 after purchasing an additional 916,163 shares during the period. JPMorgan Chase & Co. grew its position in shares of Glacier Bancorp by 76.0% during the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after acquiring an additional 242,414 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Glacier Bancorp in the 4th quarter valued at approximately $9,544,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

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.