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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the four brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.40.

GBCI has been the subject of a number of recent analyst reports. DA Davidson dropped their price objective on Glacier Bancorp from $48.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. Stephens reduced their price objective on shares of Glacier Bancorp from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 23rd. Truist Financial dropped their target price on shares of Glacier Bancorp from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com upgraded shares of Glacier Bancorp to a "sell" rating in a research note on Tuesday, March 19th.

Glacier Bancorp Stock Up 0.1 %

Shares of NASDAQ:GBCI traded up $0.03 during trading on Friday, reaching $38.87. 293,994 shares of the stock traded hands, compared to its average volume of 623,441. The stock has a market cap of $4.41 billion, a P/E ratio of 22.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50-day moving average of $38.08 and a two-hundred day moving average of $37.40. Glacier Bancorp has a 52-week low of $26.77 and a 52-week high of $44.06.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its earnings results on Wednesday, April 24th. The bank reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $196.47 million during the quarter, compared to the consensus estimate of $202.66 million. Glacier Bancorp had a return on equity of 6.51% and a net margin of 16.40%. The firm's revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. As a group, sell-side analysts expect that Glacier Bancorp will post 1.64 earnings per share for the current fiscal year.

Glacier Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.40%. This is a positive change from Glacier Bancorp's previous quarterly dividend of $0.10. Glacier Bancorp's dividend payout ratio (DPR) is 75.43%.

Institutional Trading of Glacier Bancorp

Several hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its position in Glacier Bancorp by 409.4% during the fourth quarter. Allworth Financial LP now owns 596 shares of the bank's stock valued at $25,000 after purchasing an additional 479 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Glacier Bancorp in the first quarter worth $25,000. GAMMA Investing LLC purchased a new position in Glacier Bancorp during the fourth quarter worth $25,000. FNY Investment Advisers LLC bought a new position in Glacier Bancorp during the fourth quarter valued at $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Glacier Bancorp in the first quarter valued at $50,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

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.