Glacier Bancorp (NASDAQ:GBCI) PT Lowered to $53.00

Glacier Bancorp (NASDAQ:GBCIGet Rating) had its price target reduced by equities research analysts at Truist Financial from $54.00 to $53.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Truist Financial’s price target points to a potential upside of 15.85% from the company’s previous close.

Separately, StockNews.com lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 28th.

NASDAQ GBCI opened at $45.75 on Wednesday. Glacier Bancorp has a 1-year low of $44.43 and a 1-year high of $60.69. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $46.98 and a 200-day moving average of $51.90. The firm has a market cap of $5.07 billion, a PE ratio of 17.13 and a beta of 0.86.

Glacier Bancorp (NASDAQ:GBCIGet Rating) last released its earnings results on Thursday, April 21st. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). Glacier Bancorp had a net margin of 32.03% and a return on equity of 10.02%. The company had revenue of $219.12 million during the quarter, compared to the consensus estimate of $220.66 million. During the same period last year, the firm posted $0.85 EPS. As a group, equities research analysts forecast that Glacier Bancorp will post 2.78 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. bought a new position in Glacier Bancorp during the 1st quarter valued at approximately $51,000. Walleye Capital LLC bought a new position in shares of Glacier Bancorp in the 1st quarter worth approximately $464,000. Kestra Private Wealth Services LLC raised its position in shares of Glacier Bancorp by 21.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,475 shares of the bank’s stock worth $225,000 after acquiring an additional 801 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Glacier Bancorp in the 1st quarter worth approximately $1,352,000. Finally, Neuberger Berman Group LLC raised its position in shares of Glacier Bancorp by 1.3% in the 1st quarter. Neuberger Berman Group LLC now owns 3,822,413 shares of the bank’s stock worth $192,193,000 after acquiring an additional 49,527 shares in the last quarter. 68.64% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Company Profile (Get Rating)

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. 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 deposit, negotiated-rate jumbo certificates, and individual retirement accounts.

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