Brokerages Set Glacier Bancorp, Inc. (NASDAQ:GBCI) Price Target at $52.00

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) have received a consensus rating of "Hold" from the six research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $52.00.

GBCI has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Truist Financial raised their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Raymond James reiterated an "outperform" rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday. Finally, Piper Sandler increased their price objective on Glacier Bancorp from $56.00 to $57.00 and gave the company a "neutral" rating in a report on Wednesday.

Institutional Investors Weigh In On Glacier Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Glacier Bancorp by 60.4% during the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank's stock worth $115,000 after acquiring an additional 947 shares during the period. Venturi Wealth Management LLC lifted its holdings in Glacier Bancorp by 44.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank's stock worth $137,000 after purchasing an additional 927 shares during the last quarter. Wolverine Trading LLC bought a new stake in Glacier Bancorp in the 3rd quarter valued at $205,000. Park Avenue Securities LLC acquired a new position in Glacier Bancorp in the 4th quarter valued at $273,000. Finally, Paloma Partners Management Co bought a new position in Glacier Bancorp during the 3rd quarter worth $250,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Down 1.4 %

NASDAQ:GBCI traded down $0.73 during trading hours on Thursday, reaching $50.22. 541,748 shares of the stock were exchanged, compared to its average volume of 598,055. 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 has a twelve month low of $34.35 and a twelve month high of $60.67. The stock has a market cap of $5.69 billion, a PE ratio of 31.00 and a beta of 0.81. The firm has a 50 day moving average of $53.89 and a 200 day moving average of $47.90.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $324.28 million during the quarter, compared to analysts' expectations of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, equities analysts expect that Glacier Bancorp will post 1.73 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp's payout ratio is presently 81.48%.

About Glacier Bancorp

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.