Brokerages Set Glacier Bancorp Inc. (GBCI) Price Target at $27.25
Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $27.25.
Several equities analysts recently issued reports on GBCI shares. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 24th. FIG Partners cut Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd.
Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Glacier Bancorp by 25.6% in the third quarter. Nisa Investment Advisors LLC now owns 49,100 shares of the company’s stock worth $1,400,000 after buying an additional 10,000 shares during the period. Capstone Asset Management Co. boosted its position in shares of Glacier Bancorp by 1.1% in the third quarter. Capstone Asset Management Co. now owns 21,949 shares of the company’s stock worth $626,000 after buying an additional 230 shares during the period. Fisher Asset Management LLC boosted its position in shares of Glacier Bancorp by 0.9% in the third quarter. Fisher Asset Management LLC now owns 2,141,642 shares of the company’s stock worth $61,080,000 after buying an additional 19,878 shares during the period. Naples Global Advisors LLC boosted its position in shares of Glacier Bancorp by 7.7% in the third quarter. Naples Global Advisors LLC now owns 14,130 shares of the company’s stock worth $403,000 after buying an additional 1,005 shares during the period. Finally, Mason Street Advisors LLC bought a new position in shares of Glacier Bancorp during the second quarter worth about $396,000. Hedge funds and other institutional investors own 75.60% of the company’s stock.
Glacier Bancorp (NASDAQ:GBCI) opened at 27.95 on Friday. The firm has a market cap of $2.13 billion, a P/E ratio of 17.95 and a beta of 1.47. Glacier Bancorp has a one year low of $21.90 and a one year high of $30.12. The stock has a 50 day moving average price of $28.81 and a 200-day moving average price of $27.16.
Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.01. Glacier Bancorp had a net margin of 27.17% and a return on equity of 10.82%. Analysts predict that Glacier Bancorp will post $1.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, October 6th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 51.28%.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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