Glacier Bancorp, Inc. (NYSE:GBCI) Receives $56.50 Average PT from Brokerages

Glacier Bancorp, Inc. (NYSE:GBCI) has received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $56.50.

A number of research analysts have recently commented on the stock. Piper Sandler raised shares of Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 price objective for the company in a research report on Thursday, December 18th. Keefe, Bruyette & Woods raised Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a report on Monday, December 15th. Wall Street Zen downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Brean Capital cut Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a research report on Monday, December 29th.

Glacier Bancorp Trading Up 0.4%

Shares of Glacier Bancorp stock opened at $51.27 on Wednesday. Glacier Bancorp has a 1 year low of $36.76 and a 1 year high of $53.99. The company’s fifty day simple moving average is $47.47 and its 200-day simple moving average is $46.13. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 25.76 and a beta of 0.76. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.10). The company had revenue of $306.51 million during the quarter. Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.