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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have received an average rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $50.83.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wood Tarver Financial Group LLC bought a new stake in Glacier Bancorp during the 4th quarter valued at $33,000. eCIO Inc. acquired a new stake in Glacier Bancorp during the first quarter valued at $33,000. JNBA Financial Advisors acquired a new stake in shares of Glacier Bancorp in the first quarter worth about $35,000. UMB Bank n.a. lifted its position in shares of Glacier Bancorp by 114.9% during the 1st quarter. UMB Bank n.a. now owns 838 shares of the bank's stock worth $37,000 after purchasing an additional 448 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Glacier Bancorp by 252.1% during the first quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank's stock valued at $62,000 after acquiring an additional 1,001 shares during the period. Hedge funds and other institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

Shares of NASDAQ:GBCI traded down $0.46 during midday trading on Thursday, hitting $46.20. The company had a trading volume of 703,436 shares, compared to its average volume of 664,064. 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 company 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 12-month low of $36.76 and a 12-month high of $60.67. The company has a fifty day moving average of $42.76 and a two-hundred day moving average of $45.04.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 5.98% and a net margin of 14.99%. During the same period last year, the business posted $0.29 earnings per share. On average, equities research analysts expect 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 will be paid on Thursday, July 17th. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, July 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 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.