Analysts Set Glacier Bancorp, Inc. (NYSE:GBCI) PT at $55.17

Glacier Bancorp, Inc. (NYSE:GBCI) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $55.1667.

Several brokerages have weighed in on GBCI. Stephens raised their price objective on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler raised their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, DA Davidson raised their price objective on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, April 27th.

Hedge Funds Weigh In On Glacier Bancorp

Several large investors have recently bought and sold shares of GBCI. Root Financial Partners LLC increased its position in shares of Glacier Bancorp by 122.5% during the 1st quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Glacier Bancorp during the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC increased its position in shares of Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after purchasing an additional 490 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Glacier Bancorp during the 4th quarter valued at $35,000. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Performance

NYSE GBCI opened at $48.40 on Tuesday. The company has a fifty day simple moving average of $48.03 and a 200 day simple moving average of $47.04. Glacier Bancorp has a 12-month low of $39.90 and a 12-month high of $53.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company has a market cap of $6.30 billion, a P/E ratio of 22.62 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The business had revenue of $309.61 million during the quarter. During the same period in the previous year, the business posted $0.48 EPS. Sell-side analysts predict that Glacier Bancorp will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.32 annualized dividend and a yield of 2.7%. Glacier Bancorp’s dividend payout ratio (DPR) is 61.68%.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.