Glacier Bancorp, Inc. (NASDAQ:GBCI – Free Report) – DA Davidson issued their FY2026 earnings estimates for shares of Glacier Bancorp in a report issued on Monday, July 28th. DA Davidson analyst J. Rulis anticipates that the bank will earn $3.10 per share for the year. DA Davidson has a “Buy” rating and a $50.00 price objective on the stock. The consensus estimate for Glacier Bancorp’s current full-year earnings is $2.45 per share.
Several other analysts also recently commented on GBCI. Raymond James Financial restated an “outperform” rating and set a $48.00 target price (up from $45.00) on shares of Glacier Bancorp in a report on Thursday, June 26th. Keefe, Bruyette & Woods raised their target price on shares of Glacier Bancorp from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, June 27th. Piper Sandler raised their target price on shares of Glacier Bancorp from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Janney Montgomery Scott upgraded shares of Glacier Bancorp from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, June 5th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.
Glacier Bancorp Stock Performance
Shares of NASDAQ:GBCI opened at $44.98 on Wednesday. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 26.94 and a beta of 0.77. The firm’s 50 day simple moving average is $43.55 and its 200 day simple moving average is $44.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a fifty-two week low of $36.76 and a fifty-two week high of $60.67.
Glacier Bancorp (NASDAQ:GBCI – Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.04). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the prior year, the business posted $0.39 earnings per share.
Glacier Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Tuesday, July 8th were given a $0.33 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.93%. Glacier Bancorp’s payout ratio is presently 68.75%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of GBCI. Norges Bank acquired a new position in Glacier Bancorp in the fourth quarter valued at about $56,923,000. Millennium Management LLC raised its stake in Glacier Bancorp by 4,600.1% in the fourth quarter. Millennium Management LLC now owns 936,079 shares of the bank’s stock valued at $47,010,000 after purchasing an additional 916,163 shares in the last quarter. Nuveen LLC acquired a new position in Glacier Bancorp during the first quarter worth about $21,220,000. Strategic Value Bank Partners LLC acquired a new position in Glacier Bancorp during the second quarter worth about $15,796,000. Finally, JPMorgan Chase & Co. raised its stake in Glacier Bancorp by 76.0% during the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank’s stock worth $28,192,000 after acquiring an additional 242,414 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.
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.
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