Analysts Set Glacier Bancorp, Inc. (NASDAQ:GBCI) Target Price at $40.40

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCIGet Free Report) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $40.40.

Several equities analysts have recently issued reports on the stock. Stephens dropped their price target on shares of Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 23rd. DA Davidson lowered their target price on Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. StockNews.com raised Glacier Bancorp to a “sell” rating in a report on Tuesday, March 19th. Finally, Truist Financial decreased their price target on Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, April 22nd.

View Our Latest Analysis on GBCI

Institutional Trading of Glacier Bancorp

A number of large investors have recently bought and sold shares of GBCI. Vanguard Group Inc. increased its stake in shares of Glacier Bancorp by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank’s stock valued at $510,312,000 after acquiring an additional 80,251 shares in the last quarter. Cooke & Bieler LP increased its stake in Glacier Bancorp by 34.0% in the fourth quarter. Cooke & Bieler LP now owns 3,239,276 shares of the bank’s stock valued at $133,847,000 after purchasing an additional 821,199 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Glacier Bancorp by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,314,970 shares of the bank’s stock valued at $95,661,000 after purchasing an additional 96,347 shares during the period. Capital International Investors boosted its position in shares of Glacier Bancorp by 45.1% during the 4th quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock worth $75,326,000 after purchasing an additional 566,513 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Glacier Bancorp by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,478,811 shares of the bank’s stock valued at $61,104,000 after buying an additional 65,372 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $38.71 on Friday. The stock has a 50-day moving average price of $38.08 and a two-hundred day moving average price of $37.51. Glacier Bancorp has a 12 month low of $26.83 and a 12 month high of $44.06. The company has a market capitalization of $4.39 billion, a PE ratio of 22.12 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76.

Glacier Bancorp (NASDAQ:GBCIGet 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 net margin of 16.40% and a return on equity of 6.51%. The business had revenue of $196.47 million during the quarter, compared to the consensus estimate of $202.66 million. During the same quarter last year, the business earned $0.55 EPS. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. Analysts expect that Glacier Bancorp will post 1.64 EPS for the current year.

Glacier Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, April 9th were issued a $0.33 dividend. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.41%. Glacier Bancorp’s payout ratio is presently 75.43%.

About Glacier Bancorp

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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.

Further Reading

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