Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $51.50.

GBCI has been the topic of several analyst reports. Raymond James reiterated an "outperform" rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Piper Sandler lowered their price target on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd.

Glacier Bancorp Price Performance

Shares of GBCI stock traded down $2.55 during mid-day trading on Tuesday, reaching $38.10. The company's stock had a trading volume of 620,914 shares, compared to its average volume of 609,850. The firm's 50-day moving average is $47.33 and its two-hundred day moving average is $49.84. The company has a market cap of $4.32 billion, a P/E ratio of 22.77 and a beta of 0.80. Glacier Bancorp has a 1-year low of $34.35 and a 1-year high of $60.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

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Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is currently 79.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake 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 acquiring an additional 41,160 shares during the last quarter. Capital International Investors increased its holdings in shares of Glacier Bancorp by 5.8% in the fourth quarter. Capital International Investors now owns 2,092,571 shares of the bank's stock valued at $105,089,000 after purchasing an additional 115,620 shares in the last quarter. Northern Trust Corp raised its position in Glacier Bancorp by 7.7% in the 4th quarter. Northern Trust Corp now owns 1,763,983 shares of the bank's stock worth $88,587,000 after purchasing an additional 126,316 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Glacier Bancorp by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank's stock worth $59,988,000 after buying an additional 52,566 shares in the last quarter. Finally, Norges Bank bought a new position in Glacier Bancorp in the 4th quarter valued at $56,923,000. 80.17% of the stock is owned by institutional investors.

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.