Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $50.83 Average Target Price from Analysts

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $50.83.

Several analysts recently commented on the company. DA Davidson reaffirmed a "buy" rating and set a $50.00 target price on shares of Glacier Bancorp in a report on Wednesday, June 25th. Keefe, Bruyette & Woods raised their target price on Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a report on Friday, June 27th. Janney Montgomery Scott raised Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Thursday, June 5th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $48.00 target price (up from $45.00) on shares of Glacier Bancorp in a report on Thursday, June 26th.

Glacier Bancorp Stock Performance

Shares of GBCI stock traded down $0.46 during mid-day trading on Thursday, reaching $46.20. The stock had a trading volume of 703,436 shares, compared to its average volume of 663,837. The business's fifty day moving average is $42.76 and its 200-day moving average is $44.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 27.66 and a beta of 0.77. Glacier Bancorp has a 1-year low of $36.76 and a 1-year high of $60.67.

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 for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $0.29 EPS. On average, research analysts forecast that Glacier Bancorp will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Tuesday, July 8th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, July 8th. Glacier Bancorp's payout ratio is currently 70.97%.

Institutional Trading of Glacier Bancorp

Institutional investors have recently bought and sold shares of the business. First Interstate Bank acquired a new stake in Glacier Bancorp in the first quarter valued at approximately $593,000. Bessemer Group Inc. grew its holdings in Glacier Bancorp by 1,839.2% in the first quarter. Bessemer Group Inc. now owns 9,599 shares of the bank's stock valued at $424,000 after purchasing an additional 9,104 shares during the period. GAMMA Investing LLC lifted its position in shares of Glacier Bancorp by 4,580.7% in the first quarter. GAMMA Investing LLC now owns 142,388 shares of the bank's stock valued at $6,296,000 after acquiring an additional 139,346 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Glacier Bancorp in the fourth quarter valued at approximately $9,544,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Glacier Bancorp by 76.0% in the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock valued at $28,192,000 after acquiring an additional 242,414 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

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.