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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned 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 equities research analysts have recently issued reports on the stock. Raymond James Financial restated an "outperform" rating and set a $48.00 price target (up previously from $45.00) on shares of Glacier Bancorp in a research note on Thursday, June 26th. Keefe, Bruyette & Woods upped their target price on shares of Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a research report on Friday, June 27th. DA Davidson restated a "buy" rating and set a $50.00 price target on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Finally, Janney Montgomery Scott raised Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Thursday, June 5th.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock traded up $0.52 during mid-day trading on Thursday, hitting $46.70. 887,796 shares of the stock were exchanged, compared to its average volume of 665,928. Glacier Bancorp has a 12 month low of $36.32 and a 12 month high of $60.67. The company has a 50-day simple moving average of $42.56 and a 200 day simple moving average of $45.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $5.30 billion, a P/E ratio of 27.96 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping 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 company posted $0.29 EPS. Sell-side analysts anticipate that Glacier Bancorp will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Tuesday, July 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, July 8th. Glacier Bancorp's dividend payout ratio (DPR) is currently 70.97%.

Institutional Investors Weigh In On Glacier Bancorp

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

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.