Glacier Bancorp, Inc. (NYSE:GBCI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Glacier Bancorp has an average analyst rating of Hold from seven firms (1 sell, 3 hold, 3 buy) with an average 12-month price target of $55.67.
• The company reported quarterly EPS of $0.70, beating estimates of $0.67 with revenue of $306.76M, and analysts expect about $3.17 EPS for the current fiscal year.
• Glacier Bancorp pays a quarterly dividend of $0.33 (annualized $1.32; 2.7% yield, 61.7% payout ratio) and is heavily institutionally owned at roughly 80.17%.

Shares of Glacier Bancorp, Inc. (NYSE:GBCI - Get Free Report) have earned an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $55.6667.

Several analysts recently weighed in on GBCI shares. Brean Capital lowered Glacier Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 10th. Weiss Ratings raised Glacier Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. Wall Street Zen upgraded Glacier Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Keefe, Bruyette & Woods reiterated an "underperform" rating on shares of Glacier Bancorp in a report on Monday, January 26th. Finally, DA Davidson upped their price target on Glacier Bancorp from $55.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, January 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Davidson Trust Co. acquired a new position in Glacier Bancorp in the third quarter valued at approximately $3,478,000. CENTRAL TRUST Co acquired a new position in Glacier Bancorp in the third quarter valued at approximately $594,000. Capital International Investors boosted its stake in Glacier Bancorp by 17.1% in the third quarter. Capital International Investors now owns 1,742,780 shares of the company's stock valued at $84,821,000 after acquiring an additional 254,514 shares during the period. TrueMark Investments LLC acquired a new position in Glacier Bancorp in the third quarter valued at approximately $3,229,000. Finally, Natixis Advisors LLC boosted its stake in Glacier Bancorp by 15.0% in the third quarter. Natixis Advisors LLC now owns 562,404 shares of the company's stock valued at $27,372,000 after acquiring an additional 73,545 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Stock Performance

NYSE:GBCI opened at $48.80 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50-day moving average of $46.43 and a two-hundred day moving average of $45.75. The stock has a market cap of $6.35 billion, a P/E ratio of 22.80 and a beta of 0.73. Glacier Bancorp has a 1-year low of $39.77 and a 1-year high of $53.99.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The company had revenue of $306.76 million during the quarter. During the same period in the previous year, the company earned $0.48 earnings per share. On average, research analysts expect that Glacier Bancorp will post 3.17 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp's dividend payout ratio is 61.68%.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.

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