Glacier Bancorp, Inc. (NYSE:GBCI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $55.1667.

Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. DA Davidson reaffirmed a “buy” rating and set a $58.00 price target on shares of Glacier Bancorp in a research report on Monday, July 27th.

Glacier Bancorp Trading Up 0.1%

GBCI opened at $46.95 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 19.24 and a beta of 0.74. Glacier Bancorp has a 12 month low of $39.90 and a 12 month high of $54.58. The stock has a fifty day moving average price of $50.15 and a 200-day moving average price of $48.27.

Glacier Bancorp (NYSE:GBCI) last posted its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $320.94 million for the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.During the same quarter last year, the firm earned $0.57 EPS. As a group, equities research analysts anticipate that Glacier Bancorp will post 3.11 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were given 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, July 7th. Glacier Bancorp’s dividend payout ratio is currently 54.10%.

Institutional Investors Weigh In On Glacier Bancorp

Several institutional investors have recently added to or reduced their stakes in GBCI. BlackRock Inc. purchased a new position in shares of Glacier Bancorp in the 2nd quarter valued at approximately $913,766,000. Vanguard Group Inc. lifted its position in Glacier Bancorp by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock valued at $588,471,000 after purchasing an additional 870,335 shares during the period. California State Teachers Retirement System boosted its stake in shares of Glacier Bancorp by 4,950.7% in the second quarter. California State Teachers Retirement System now owns 7,720,185 shares of the company’s stock worth $398,207,000 after buying an additional 7,567,330 shares during the last quarter. State Street Corp increased its holdings in shares of Glacier Bancorp by 9.9% during the 4th quarter. State Street Corp now owns 6,178,363 shares of the company’s stock valued at $272,157,000 after purchasing an additional 557,873 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Glacier Bancorp by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock valued at $146,736,000 after buying an additional 237,316 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.