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

Glacier Bancorp, Inc. (NYSE:GBCI) has been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $56.50.

A number of analysts have issued reports on GBCI shares. Keefe, Bruyette & Woods raised Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Monday, December 15th. Wall Street Zen lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Piper Sandler upgraded Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a research report on Monday, December 29th. Finally, Brean Capital cut shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

Glacier Bancorp Trading Down 2.7%

Shares of Glacier Bancorp stock opened at $51.79 on Wednesday. The firm has a market cap of $6.73 billion, a PE ratio of 26.03 and a beta of 0.76. Glacier Bancorp has a 1 year low of $36.76 and a 1 year high of $53.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a fifty day moving average price of $46.94 and a 200-day moving average price of $46.02.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.10). The company had revenue of $306.51 million for the quarter. Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.