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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have received an average recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $50.50.

Several brokerages recently commented on GBCI. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Raymond James set a $45.00 target price on shares of Glacier Bancorp in a research note on Monday, April 28th. Piper Sandler reduced their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th.

Hedge Funds Weigh In On Glacier Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of GBCI. Capital International Investors raised its position in shares of Glacier Bancorp by 5.8% during the 4th quarter. Capital International Investors now owns 2,092,571 shares of the bank's stock valued at $105,089,000 after buying an additional 115,620 shares during the period. Northern Trust Corp increased its stake in Glacier Bancorp by 7.7% during the fourth quarter. Northern Trust Corp now owns 1,763,983 shares of the bank's stock worth $88,587,000 after acquiring an additional 126,316 shares during the last quarter. Victory Capital Management Inc. increased its stake in Glacier Bancorp by 9.1% during the first quarter. Victory Capital Management Inc. now owns 1,361,329 shares of the bank's stock worth $60,198,000 after acquiring an additional 113,544 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Glacier Bancorp by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the bank's stock valued at $59,799,000 after purchasing an additional 73,756 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Glacier Bancorp by 4.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank's stock valued at $59,988,000 after purchasing an additional 52,566 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Shares of GBCI traded down $0.45 during mid-day trading on Wednesday, hitting $40.70. 356,913 shares of the company were exchanged, compared to its average volume of 634,489. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 24.37 and a beta of 0.79. Glacier Bancorp has a 1-year low of $34.48 and a 1-year high of $60.67. The company has a 50 day moving average of $41.64 and a 200-day moving average of $47.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

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 quarter last year, the company posted $0.29 earnings per share. Analysts expect that Glacier Bancorp will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's payout ratio is currently 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.