Glacier Bancorp, Inc. (NASDAQ:GBCI) Given Consensus Rating of “Moderate Buy” by Brokerages

Glacier Bancorp, Inc. (NASDAQ:GBCI) has been given a consensus recommendation of “Moderate Buy” by the four analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $37.80.

A number of research analysts have recently weighed in on GBCI shares. Truist Financial lowered their price objective on Glacier Bancorp from $45.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. StockNews.com raised Glacier Bancorp to a “sell” rating in a research report on Tuesday, March 19th. Finally, Raymond James boosted their price target on Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, January 5th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in Glacier Bancorp by 409.4% in the 4th quarter. Allworth Financial LP now owns 596 shares of the bank’s stock worth $25,000 after acquiring an additional 479 shares during the last quarter. GAMMA Investing LLC bought a new stake in Glacier Bancorp in the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC bought a new stake in Glacier Bancorp in the 4th quarter worth approximately $28,000. Barclays PLC increased its stake in Glacier Bancorp by 1,498.3% in the 3rd quarter. Barclays PLC now owns 943 shares of the bank’s stock worth $27,000 after acquiring an additional 884 shares during the last quarter. Finally, Covestor Ltd increased its stake in Glacier Bancorp by 115.0% in the 1st quarter. Covestor Ltd now owns 1,045 shares of the bank’s stock worth $53,000 after acquiring an additional 559 shares during the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Up 0.2 %

GBCI stock opened at $36.16 on Tuesday. Glacier Bancorp has a twelve month low of $26.77 and a twelve month high of $44.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98. The stock has a market cap of $4.10 billion, a P/E ratio of 17.99 and a beta of 0.80. The business’s 50-day moving average price is $37.91 and its 200-day moving average price is $36.51.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The firm had revenue of $197.32 million for the quarter, compared to analysts’ expectations of $198.32 million. During the same period in the previous year, the firm earned $0.72 EPS. The business’s quarterly revenue was down 15.1% on a year-over-year basis. On average, equities research analysts forecast that Glacier Bancorp will post 1.82 EPS for the current year.

Glacier Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, April 9th will be issued a $0.33 dividend. The ex-dividend date is Monday, April 8th. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.10. This represents a $1.32 dividend on an annualized basis and a yield of 3.65%. Glacier Bancorp’s payout ratio is currently 65.67%.

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.