Glacier Bancorp (NASDAQ:GBCI) Price Target Lowered to $45.00 at DA Davidson

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) had its price target decreased by equities research analysts at DA Davidson from $48.00 to $45.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the bank's stock. DA Davidson's price target would indicate a potential upside of 19.36% from the stock's previous close.

GBCI has been the topic of several other research reports. StockNews.com raised Glacier Bancorp to a "sell" rating in a research note on Tuesday, March 19th. Truist Financial dropped their target price on shares of Glacier Bancorp from $42.00 to $40.00 and set a "hold" rating on the stock in a report on Monday. Raymond James upped their price target on shares of Glacier Bancorp from $36.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, January 5th. Finally, Stephens restated an "equal weight" rating and set a $44.00 price objective on shares of Glacier Bancorp in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.20.

Glacier Bancorp Trading Up 2.1 %

GBCI traded up $0.76 during trading on Monday, reaching $37.70. 741,515 shares of the company's stock were exchanged, compared to its average volume of 766,909. The company's fifty day moving average price is $37.80 and its 200-day moving average price is $36.76. 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 firm has a market capitalization of $4.27 billion, a PE ratio of 21.54 and a beta of 0.80. Glacier Bancorp has a fifty-two week low of $26.77 and a fifty-two week high of $44.06.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The company had revenue of $196.47 million during the quarter, compared to the consensus estimate of $202.66 million. During the same quarter in the prior year, the company posted $0.55 EPS. The company's revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Glacier Bancorp will post 1.82 EPS for the current year.

Hedge Funds Weigh In On Glacier Bancorp

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Glacier Bancorp by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank's stock valued at $510,312,000 after acquiring an additional 80,251 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Glacier Bancorp by 34.0% in the 4th quarter. Cooke & Bieler LP now owns 3,239,276 shares of the bank's stock valued at $133,847,000 after purchasing an additional 821,199 shares during the period. Dimensional Fund Advisors LP lifted its stake in Glacier Bancorp by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,314,970 shares of the bank's stock valued at $95,661,000 after purchasing an additional 96,347 shares during the last quarter. Capital International Investors grew its holdings in Glacier Bancorp by 45.1% during the fourth quarter. Capital International Investors now owns 1,822,994 shares of the bank's stock worth $75,326,000 after purchasing an additional 566,513 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Glacier Bancorp by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,478,811 shares of the bank's stock worth $61,104,000 after buying an additional 65,372 shares during the last quarter. Institutional investors own 80.17% of the company's stock.

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.