Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $48.83 Average Price Target from Brokerages

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have been given an average rating of "Hold" by the six brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $48.83.

GBCI has been the topic of a number of recent analyst reports. Truist Financial lifted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods boosted their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler raised their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Finally, Raymond James upped their price objective on Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd.

Hedge Funds Weigh In On Glacier Bancorp

A number of large investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock worth $11,321,000 after purchasing an additional 98,158 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Glacier Bancorp by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank's stock worth $132,662,000 after buying an additional 41,160 shares in the last quarter. LMR Partners LLP bought a new position in shares of Glacier Bancorp in the third quarter valued at approximately $543,000. BNP Paribas Financial Markets grew its stake in Glacier Bancorp by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank's stock valued at $2,111,000 after acquiring an additional 19,814 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Glacier Bancorp by 30.9% during the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank's stock worth $15,132,000 after acquiring an additional 78,107 shares during the period. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Stock Up 1.8 %

GBCI stock traded up $0.90 during trading on Friday, reaching $50.45. The stock had a trading volume of 2,137,863 shares, compared to its average volume of 646,004. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67. The company's 50 day moving average is $53.90 and its two-hundred day moving average is $46.13. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 31.14 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $324.28 million during 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 period in the prior year, the company posted $0.47 earnings per share. Equities research analysts forecast that Glacier Bancorp will post 1.7 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.62%. Glacier Bancorp's payout ratio is 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.