A number of research firms have changed their ratings and price targets for Glacier Bancorp (NASDAQ: GBCI):
- 4/23/2024 – Glacier Bancorp had its price target lowered by analysts at Stephens from $44.00 to $40.00. They now have an “equal weight” rating on the stock.
- 4/22/2024 – Glacier Bancorp had its price target lowered by analysts at Truist Financial Co. from $42.00 to $40.00. They now have a “hold” rating on the stock.
- 4/22/2024 – Glacier Bancorp had its price target lowered by analysts at DA Davidson from $48.00 to $45.00. They now have a “buy” rating on the stock.
- 4/19/2024 – Glacier Bancorp had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $44.00 price target on the stock.
- 4/1/2024 – Glacier Bancorp had its price target lowered by analysts at Truist Financial Co. from $45.00 to $42.00. They now have a “hold” rating on the stock.
- 3/19/2024 – Glacier Bancorp was upgraded by analysts at StockNews.com to a “sell” rating.
- 2/29/2024 – Glacier Bancorp was upgraded by analysts at StockNews.com to a “sell” rating.
Glacier Bancorp Price Performance
NASDAQ GBCI opened at $37.12 on Monday. The firm’s 50 day moving average is $37.88 and its 200-day moving average is $36.97. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76. Glacier Bancorp, Inc. has a 12-month low of $26.77 and a 12-month high of $44.06. The company has a market capitalization of $4.21 billion, a PE ratio of 21.21 and a beta of 0.80.
Glacier Bancorp (NASDAQ:GBCI – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Glacier Bancorp had a return on equity of 6.51% and a net margin of 16.40%. The firm had revenue of $196.47 million for the quarter, compared to the consensus estimate of $202.66 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue was down 8.2% on a year-over-year basis. Equities research analysts anticipate that Glacier Bancorp, Inc. will post 1.68 earnings per share for the current fiscal year.
Glacier Bancorp Increases Dividend
Hedge Funds Weigh In On Glacier Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Equitable Trust Co. bought a new position in Glacier Bancorp in the 1st quarter worth about $338,000. Louisiana State Employees Retirement System grew its position in Glacier Bancorp by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the bank’s stock worth $1,285,000 after acquiring an additional 800 shares in the last quarter. Berry Wealth Group LP bought a new position in shares of Glacier Bancorp during the 1st quarter valued at about $261,000. Ashton Thomas Private Wealth LLC boosted its position in Glacier Bancorp by 0.6% during the first quarter. Ashton Thomas Private Wealth LLC now owns 254,299 shares of the bank’s stock valued at $10,243,000 after buying an additional 1,610 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of Glacier Bancorp by 2.3% in the first quarter. State of Michigan Retirement System now owns 27,236 shares of the bank’s stock worth $1,097,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.
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.
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