Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $50.83.

A number of equities research analysts recently issued reports on GBCI shares. DA Davidson reissued a "buy" rating and set a $50.00 price target on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Keefe, Bruyette & Woods raised their price target on Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a research report on Friday, June 27th. Janney Montgomery Scott raised 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. Finally, Raymond James Financial reiterated an "outperform" rating and set a $48.00 price objective (up from $45.00) on shares of Glacier Bancorp in a research note on Thursday, June 26th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in shares of Glacier Bancorp by 1,839.2% in the 1st 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 in the last quarter. GAMMA Investing LLC boosted its position in 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 buying an additional 139,346 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Glacier Bancorp during the fourth quarter worth $9,544,000. JPMorgan Chase & Co. increased its holdings 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 buying an additional 242,414 shares in the last quarter. Finally, Bridge City Capital LLC lifted its stake in shares of Glacier Bancorp by 8.1% in the 4th quarter. Bridge City Capital LLC now owns 161,370 shares of the bank's stock valued at $8,104,000 after acquiring an additional 12,039 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Up 0.5%

GBCI stock opened at $46.16 on Thursday. Glacier Bancorp has a fifty-two week low of $36.32 and a fifty-two week high of $60.67. 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 stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 27.64 and a beta of 0.77. The business's fifty day moving average price is $42.56 and its two-hundred day moving average price is $45.09.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 last year, the business earned $0.29 EPS. On average, equities analysts anticipate 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. Investors of record on Tuesday, July 8th will be paid 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 dividend payout ratio (DPR) is presently 70.97%.

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.

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