Glacier Bancorp (NASDAQ:GBCI) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $47.23 and traded as high as $51.83. Glacier Bancorp shares last traded at $50.22, with a volume of 526,458 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GBCI shares. Raymond James boosted their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Piper Sandler boosted their target price on Glacier Bancorp from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Finally, Truist Financial boosted their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Glacier Bancorp has a consensus rating of "Hold" and a consensus target price of $48.83.

Glacier Bancorp Stock Down 1.8 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 30.54 and a beta of 0.79. The firm has a 50-day moving average price of $54.40 and a two-hundred day moving average price of $47.34.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released 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. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The firm had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Tuesday, December 10th. Glacier Bancorp's dividend payout ratio (DPR) is currently 81.48%.

Hedge Funds Weigh In On Glacier Bancorp

Large investors have recently modified their holdings of the business. Pacer Advisors Inc. increased its holdings in Glacier Bancorp by 2.6% during the second quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank's stock worth $632,000 after buying an additional 427 shares during the last quarter. Cladis Investment Advisory LLC grew its position in shares of Glacier Bancorp by 1.6% in the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank's stock valued at $1,494,000 after acquiring an additional 500 shares during the period. HighTower Advisors LLC raised its holdings in shares of Glacier Bancorp by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank's stock valued at $277,000 after purchasing an additional 507 shares during the period. GAMMA Investing LLC raised its holdings in shares of Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock valued at $153,000 after purchasing an additional 526 shares during the period. Finally, Stifel Financial Corp lifted its stake in Glacier Bancorp by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 203,566 shares of the bank's stock valued at $9,303,000 after purchasing an additional 582 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

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.