Glacier Bancorp (NASDAQ:GBCI) PT Lowered to $40.00 at Truist Financial

Glacier Bancorp (NASDAQ:GBCIGet Free Report) had its price target dropped by equities researchers at Truist Financial from $42.00 to $40.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s target price would suggest a potential upside of 8.28% from the stock’s current price.

Several other analysts also recently issued reports on the company. Stephens reiterated an “equal weight” rating and set a $44.00 price target on shares of Glacier Bancorp in a research note on Friday. Raymond James lifted their price target on shares of Glacier Bancorp from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, StockNews.com raised shares of Glacier Bancorp to a “sell” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.00.

Read Our Latest Research Report on Glacier Bancorp

Glacier Bancorp Price Performance

Shares of GBCI opened at $36.94 on Monday. 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 cap of $4.19 billion, a PE ratio of 21.11 and a beta of 0.80. The firm’s 50 day moving average price is $37.80 and its 200 day moving average price is $36.70. Glacier Bancorp has a twelve month low of $26.77 and a twelve month high of $44.06.

Glacier Bancorp (NASDAQ:GBCIGet Free Report) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $196.47 million for the quarter, compared to the consensus estimate of $202.66 million. Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. As a group, research analysts expect that Glacier Bancorp will post 1.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Glacier Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of GBCI. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Glacier Bancorp by 3.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,668 shares of the bank’s stock worth $1,492,000 after purchasing an additional 926 shares during the period. US Bancorp DE grew its position in Glacier Bancorp by 2.9% during the first quarter. US Bancorp DE now owns 11,115 shares of the bank’s stock worth $559,000 after buying an additional 308 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new stake in shares of Glacier Bancorp during the 1st quarter worth approximately $410,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Glacier Bancorp by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,755 shares of the bank’s stock valued at $1,999,000 after purchasing an additional 3,791 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Glacier Bancorp by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 58,637 shares of the bank’s stock worth $3,029,000 after acquiring an additional 3,729 shares during the period. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Company Profile

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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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