Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) saw an uptick in trading volume on Wednesday . 247,560 shares traded hands during mid-day trading, a decline of 67% from the previous session's volume of 745,652 shares.The stock last traded at $35.23 and had previously closed at $34.87.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GBCI. Truist Financial decreased their target price on Glacier Bancorp from $45.00 to $42.00 and set a "hold" rating on the stock in a research report on Monday, April 1st. StockNews.com upgraded shares of Glacier Bancorp to a "sell" rating in a research report on Tuesday, March 19th. Finally, Raymond James upped their price target on shares of Glacier Bancorp from $36.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Glacier Bancorp currently has an average rating of "Hold" and an average target price of $37.80.
View Our Latest Analysis on GBCI
Glacier Bancorp Stock Down 0.1 %
The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $3.95 billion, a PE ratio of 17.50 and a beta of 0.80. The business has a 50-day moving average price of $37.87 and a 200-day moving average price of $36.55.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its earnings results on Friday, January 26th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.08. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The business had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.32 million. During the same period last year, the company earned $0.72 EPS. The company's revenue for the quarter was down 15.1% on a year-over-year basis. Equities research analysts forecast that Glacier Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.
Glacier Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Monday, April 8th. This is a positive change from Glacier Bancorp's previous quarterly dividend of $0.10. Glacier Bancorp's payout ratio is presently 65.67%.
Institutional Investors Weigh In On Glacier Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBCI. Bridge City Capital LLC raised its holdings in Glacier Bancorp by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 104,445 shares of the bank's stock valued at $4,207,000 after buying an additional 815 shares during the period. &PARTNERS purchased a new stake in shares of Glacier Bancorp in the 1st quarter valued at approximately $991,000. Allied Investment Advisors LLC lifted its holdings in shares of Glacier Bancorp by 10.2% in the 1st quarter. Allied Investment Advisors LLC now owns 14,188 shares of the bank's stock worth $571,000 after acquiring an additional 1,319 shares during the last quarter. CWM LLC boosted its position in shares of Glacier Bancorp by 0.9% during the 1st quarter. CWM LLC now owns 35,864 shares of the bank's stock worth $1,445,000 after purchasing an additional 331 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Glacier Bancorp by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank's stock valued at $510,312,000 after purchasing an additional 80,251 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company's stock.
Glacier Bancorp Company Profile
(
Get Free Report)
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.
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