DA Davidson Reaffirms Buy Rating for Glacier Bancorp (NASDAQ:GBCI)

Glacier Bancorp (NASDAQ:GBCI - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $50.00 target price on the bank's stock. DA Davidson's price target indicates a potential upside of 16.53% from the company's previous close. DA Davidson also issued estimates for Glacier Bancorp's Q2 2025 earnings at $0.51 EPS.

GBCI has been the topic of a number of other reports. Keefe, Bruyette & Woods decreased their price objective on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Raymond James Financial set a $45.00 price target on Glacier Bancorp in a report on Monday, April 28th. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Janney Montgomery Scott upgraded Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Thursday, June 5th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Glacier Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.83.

Glacier Bancorp Trading Down 1.7%

GBCI stock traded down $0.72 during midday trading on Wednesday, reaching $42.91. 1,896,105 shares of the company traded hands, compared to its average volume of 660,845. Glacier Bancorp has a 52-week low of $35.57 and a 52-week high of $60.67. 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 business has a 50 day moving average of $41.78 and a 200-day moving average of $45.48. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 25.69 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm earned $0.29 EPS. As a group, sell-side analysts expect that Glacier Bancorp will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. eCIO Inc. bought a new position in shares of Glacier Bancorp in the 1st quarter worth $33,000. Strs Ohio purchased a new position in Glacier Bancorp in the first quarter valued at about $482,000. Intech Investment Management LLC raised its holdings in Glacier Bancorp by 32.5% in the first quarter. Intech Investment Management LLC now owns 76,865 shares of the bank's stock worth $3,399,000 after purchasing an additional 18,874 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Glacier Bancorp by 464.3% during the first quarter. Jane Street Group LLC now owns 287,773 shares of the bank's stock valued at $12,725,000 after buying an additional 236,781 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Glacier Bancorp by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the bank's stock valued at $15,587,000 after buying an additional 26,157 shares in the last quarter. Institutional investors own 80.17% of the company's stock.

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.