Glacier Bancorp (NASDAQ:GBCI) Price Target Raised to $52.00 at Keefe, Bruyette & Woods

Glacier Bancorp (NASDAQ:GBCI - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $50.00 to $52.00 in a report published on Friday,Benzinga reports. They currently have a market perform rating on the bank's stock.

A number of other equities research analysts have also recently issued reports on the stock. Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. DA Davidson reaffirmed a "buy" rating and issued a $50.00 price target on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Raymond James Financial reissued an "outperform" rating and set a $48.00 price objective (up previously from $45.00) on shares of Glacier Bancorp in a report on Thursday. Finally, Janney Montgomery Scott raised Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Thursday, June 5th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.83.

Glacier Bancorp Stock Up 0.9%

GBCI traded up $0.39 during midday trading on Friday, hitting $43.21. 956,625 shares of the company's stock traded hands, compared to its average volume of 655,149. The company has a market cap of $4.91 billion, a PE ratio of 25.87 and a beta of 0.77. The stock's fifty day simple moving average is $41.78 and its 200-day simple moving average is $45.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a one year low of $35.57 and a one year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings results 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 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. As a group, equities analysts anticipate that Glacier Bancorp will post 2.45 earnings per share 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 issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Tuesday, July 8th. Glacier Bancorp's dividend payout ratio (DPR) is 70.97%.

Hedge Funds Weigh In On Glacier Bancorp

Institutional investors have recently made changes to their positions in the business. eCIO Inc. bought a new stake in Glacier Bancorp during the 1st quarter valued at approximately $33,000. Strs Ohio acquired a new position in shares of Glacier Bancorp during the first quarter worth approximately $482,000. Intech Investment Management LLC boosted its position in shares of Glacier Bancorp by 32.5% in the first quarter. Intech Investment Management LLC now owns 76,865 shares of the bank's stock valued at $3,399,000 after acquiring an additional 18,874 shares during the period. Jane Street Group LLC grew its stake in shares of Glacier Bancorp by 464.3% in the first quarter. Jane Street Group LLC now owns 287,773 shares of the bank's stock worth $12,725,000 after acquiring an additional 236,781 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Glacier Bancorp by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the bank's stock worth $15,587,000 after acquiring an additional 26,157 shares during the period. 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.