Glacier Bancorp, Inc. (NYSE:GBCI) Given Consensus Recommendation of “Hold” by Brokerages

Glacier Bancorp, Inc. (NYSE:GBCI) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $55.1667.

Several analysts recently commented on GBCI shares. Brean Capital downgraded Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Piper Sandler raised their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Janney Montgomery Scott started coverage on Glacier Bancorp in a research note on Tuesday, February 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, DA Davidson raised their price objective on Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, April 27th.

Glacier Bancorp Stock Performance

GBCI stock opened at $47.80 on Friday. The business’s fifty day moving average is $46.60 and its 200-day moving average is $46.18. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The company has a market cap of $6.22 billion, a P/E ratio of 22.34 and a beta of 0.76. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $53.99.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $309.61 million for the quarter. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.During the same period in the previous year, the business posted $0.48 EPS. Equities research analysts forecast that Glacier Bancorp will post 3.16 EPS for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 61.68%.

Hedge Funds Weigh In On Glacier Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Glacier Bancorp by 33.9% during the 1st quarter. Assetmark Inc. now owns 813 shares of the company’s stock worth $36,000 after purchasing an additional 206 shares in the last quarter. Front Street Capital Management Inc. increased its holdings in Glacier Bancorp by 1.1% during the 4th quarter. Front Street Capital Management Inc. now owns 19,335 shares of the company’s stock worth $852,000 after purchasing an additional 213 shares in the last quarter. MML Investors Services LLC increased its holdings in Glacier Bancorp by 4.6% during the 4th quarter. MML Investors Services LLC now owns 5,047 shares of the company’s stock worth $222,000 after purchasing an additional 221 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after purchasing an additional 223 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Glacier Bancorp by 1.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the company’s stock worth $855,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

About Glacier Bancorp

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.