Analysts Set Glacier Bancorp, Inc. (NASDAQ:GBCI) PT at $46.20

Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) has earned a consensus rating of "Hold" from the five analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $46.20.

A number of research firms have commented on GBCI. Raymond James upped their price objective on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Piper Sandler increased their price target on 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 increased 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.

Institutional Trading of Glacier Bancorp

Institutional investors have recently bought and sold shares of the business. Atria Investments Inc boosted its stake in shares of Glacier Bancorp by 17.8% in the 3rd quarter. Atria Investments Inc now owns 14,643 shares of the bank's stock valued at $669,000 after purchasing an additional 2,214 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Glacier Bancorp by 20.7% during the third quarter. QRG Capital Management Inc. now owns 7,668 shares of the bank's stock worth $350,000 after buying an additional 1,316 shares during the last quarter. Ceredex Value Advisors LLC boosted its position in Glacier Bancorp by 4.2% during the third quarter. Ceredex Value Advisors LLC now owns 321,500 shares of the bank's stock worth $14,693,000 after purchasing an additional 13,000 shares during the period. State of Alaska Department of Revenue boosted its position in Glacier Bancorp by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 13,216 shares of the bank's stock worth $603,000 after purchasing an additional 890 shares during the period. Finally, Argent Capital Management LLC boosted its position in shares of Glacier Bancorp by 15.1% in the third quarter. Argent Capital Management LLC now owns 12,558 shares of the bank's stock valued at $574,000 after acquiring an additional 1,645 shares during the period. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Down 0.9 %

GBCI traded down $0.47 during trading on Friday, hitting $51.68. The company had a trading volume of 732,092 shares, compared to its average volume of 644,916. The company has a market cap of $5.86 billion, a PE ratio of 31.90 and a beta of 0.77. The business has a 50-day moving average of $46.45 and a 200-day moving average of $41.68. 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 1-year low of $30.18 and a 1-year high of $53.93.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly 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 analyst estimates 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 firm earned $0.47 earnings per share. As a group, analysts forecast that Glacier Bancorp will post 1.65 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Tuesday, October 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 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.