Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.50.

Several brokerages recently commented on GBCI. BidaskClub raised shares of Glacier Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Finally, Stephens began coverage on shares of Glacier Bancorp in a research report on Monday, January 14th. They issued an “equal weight” rating and a $42.00 price objective for the company.

A number of institutional investors and hedge funds have recently bought and sold shares of GBCI. Oregon Public Employees Retirement Fund purchased a new position in Glacier Bancorp during the 4th quarter worth approximately $32,000. Norges Bank purchased a new position in Glacier Bancorp during the 4th quarter worth approximately $21,232,000. Matarin Capital Management LLC purchased a new position in Glacier Bancorp during the 3rd quarter worth approximately $18,673,000. Vanguard Group Inc raised its position in Glacier Bancorp by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 8,507,257 shares of the bank’s stock worth $366,578,000 after buying an additional 220,519 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Glacier Bancorp by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,507,257 shares of the bank’s stock worth $366,578,000 after buying an additional 220,519 shares during the last quarter. 80.33% of the stock is owned by institutional investors.

Shares of Glacier Bancorp stock traded down $0.91 during midday trading on Monday, hitting $41.67. The company had a trading volume of 168,852 shares, compared to its average volume of 304,345. The firm has a market capitalization of $3.61 billion, a P/E ratio of 19.20, a PEG ratio of 1.70 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. Glacier Bancorp has a 12-month low of $35.77 and a 12-month high of $47.67.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The company had revenue of $144.37 million during the quarter, compared to analysts’ expectations of $148.02 million. Glacier Bancorp had a net margin of 30.94% and a return on equity of 12.33%. As a group, research analysts anticipate that Glacier Bancorp will post 2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, April 8th. Glacier Bancorp’s dividend payout ratio is presently 47.93%.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

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