Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives Average Rating of "Hold" from Brokerages

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have been given an average rating of "Hold" by the five research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $46.20.

A number of analysts have issued reports on GBCI shares. Raymond James raised their price target on Glacier Bancorp from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Piper Sandler lifted their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Finally, Truist Financial upped their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a report on Monday, October 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co boosted its stake in Glacier Bancorp by 21.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank's stock valued at $3,160,000 after acquiring an additional 13,655 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Glacier Bancorp by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 81,150 shares of the bank's stock worth $3,269,000 after buying an additional 4,069 shares during the period. Bayesian Capital Management LP bought a new position in Glacier Bancorp in the 1st quarter worth approximately $477,000. Cetera Advisors LLC increased its position in Glacier Bancorp by 34.9% in the 1st quarter. Cetera Advisors LLC now owns 12,596 shares of the bank's stock valued at $507,000 after acquiring an additional 3,256 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in Glacier Bancorp by 34.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 485,574 shares of the bank's stock valued at $19,559,000 after acquiring an additional 124,891 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

NASDAQ:GBCI opened at $58.38 on Wednesday. Glacier Bancorp has a 1-year low of $32.00 and a 1-year high of $60.67. The firm has a 50 day simple moving average of $50.33 and a 200-day simple moving average of $43.98. The firm has a market cap of $6.62 billion, a PE ratio of 36.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. The company had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same quarter in the prior year, the company posted $0.47 EPS. On average, equities analysts expect that Glacier Bancorp will post 1.7 EPS for the current year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.26%. Glacier Bancorp's dividend payout ratio is currently 81.48%.

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.