Glacier Bancorp (NASDAQ:GBCI) Sets New 12-Month Low - Should You Sell?

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $39.77 and last traded at $40.80, with a volume of 663164 shares. The stock had previously closed at $41.36.

Wall Street Analyst Weigh In

GBCI has been the topic of several research reports. Raymond James set a $45.00 price target on Glacier Bancorp in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of 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. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Piper Sandler cut their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of "Hold" and a consensus target price of $50.50.

Glacier Bancorp Stock Performance

The stock has a market cap of $4.75 billion, a P/E ratio of 25.09 and a beta of 0.80. The stock has a fifty day simple moving average of $42.86 and a 200-day simple moving average of $48.92. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share 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 last year, the business posted $0.29 EPS. Equities analysts expect that Glacier Bancorp, Inc. 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 was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is 70.97%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at approximately $56,923,000. Madison Investment Advisors LLC bought a new position in Glacier Bancorp in the fourth quarter valued at approximately $47,770,000. Millennium Management LLC boosted its holdings in shares of Glacier Bancorp by 4,600.1% in the fourth quarter. Millennium Management LLC now owns 936,079 shares of the bank's stock valued at $47,010,000 after buying an additional 916,163 shares during the period. JPMorgan Chase & Co. increased its position in shares of Glacier Bancorp by 76.0% during the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after acquiring an additional 242,414 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth $9,544,000. 80.17% of the stock is currently owned by institutional investors.

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.