Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been given a consensus rating of “Moderate Buy” by the four research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $38.40.

GBCI has been the topic of several research reports. Raymond James upped their price target on shares of Glacier Bancorp from $36.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Truist Financial lifted their price target on shares of Glacier Bancorp from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, January 30th. StockNews.com raised Glacier Bancorp to a “sell” rating in a research report on Tuesday, March 19th. Finally, TheStreet raised Glacier Bancorp from a “c” rating to a “b-” rating in a report on Friday, December 1st.

Glacier Bancorp Stock Up 1.1 %

Shares of GBCI stock opened at $40.28 on Friday. Glacier Bancorp has a 52-week low of $26.77 and a 52-week high of $44.06. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 20.04 and a beta of 0.79. The firm’s 50-day moving average is $38.36 and its 200-day moving average is $35.57.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The company had revenue of $197.32 million during the quarter, compared to analysts’ expectations of $198.32 million. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Sell-side analysts predict that Glacier Bancorp will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GBCI. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Glacier Bancorp by 3.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,668 shares of the bank’s stock worth $1,492,000 after buying an additional 926 shares in the last quarter. US Bancorp DE raised its stake in Glacier Bancorp by 2.9% during the first quarter. US Bancorp DE now owns 11,115 shares of the bank’s stock worth $559,000 after acquiring an additional 308 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Glacier Bancorp in the first quarter worth about $410,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Glacier Bancorp by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,755 shares of the bank’s stock valued at $1,999,000 after purchasing an additional 3,791 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Glacier Bancorp by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 58,637 shares of the bank’s stock valued at $3,029,000 after purchasing an additional 3,729 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.