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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $55.6667.

GBCI has been the topic of a number of recent analyst reports. Stephens set a $58.00 target price on shares of Glacier Bancorp in a research note on Monday, January 26th. Piper Sandler set a $59.00 target price on Glacier Bancorp and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. DA Davidson lifted their price objective on Glacier Bancorp from $55.00 to $58.00 and gave the company a “buy” rating in a report on Monday, January 26th. Janney Montgomery Scott initiated coverage on Glacier Bancorp in a research report on Tuesday, February 10th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th.

Institutional Investors Weigh In On Glacier Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of GBCI. Front Street Capital Management Inc. increased its holdings in Glacier Bancorp by 1.1% in the fourth quarter. Front Street Capital Management Inc. now owns 19,335 shares of the bank’s stock valued at $852,000 after buying an additional 213 shares in the last quarter. MML Investors Services LLC boosted its stake in Glacier Bancorp by 4.6% in the 4th quarter. MML Investors Services LLC now owns 5,047 shares of the bank’s stock worth $222,000 after buying an additional 221 shares during the last quarter. Global Retirement Partners LLC increased its position in Glacier Bancorp by 41.2% during the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the bank’s stock worth $34,000 after purchasing an additional 223 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Glacier Bancorp by 1.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the bank’s stock valued at $855,000 after acquiring an additional 225 shares during the period. Finally, AlphaQuest LLC increased its position in Glacier Bancorp by 9.5% during the 2nd quarter. AlphaQuest LLC now owns 3,001 shares of the bank’s stock worth $129,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 0.9%

NASDAQ GBCI opened at $49.83 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average price is $48.03 and its 200-day moving average price is $46.30. Glacier Bancorp has a 12 month low of $36.76 and a 12 month high of $53.99. The stock has a market cap of $6.48 billion, a P/E ratio of 29.84 and a beta of 0.76.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). 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 company posted $0.54 EPS. As a group, equities analysts forecast that Glacier Bancorp will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana, serving communities across the western United States. Through its primary banking subsidiary, Glacier Bank, the company offers a range of financial products, including commercial and consumer lending, deposit accounts, treasury management, mortgage banking, wealth management and insurance services. With locations in dozens of branches across Montana, Idaho, Wyoming, Nevada, Utah, Washington, Colorado and Arizona, it caters to individuals, small businesses and agribusiness clients.

Since its establishment in the mid-20th century as a community-focused savings institution, Glacier Bancorp has grown through both organic expansion and strategic acquisitions of regional banks, strengthening its presence in local markets.