Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $51.50 Average PT from Analysts

Glacier Bancorp, Inc. (NASDAQ:GBCI) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $51.50.

Several analysts recently commented on GBCI shares. Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Friday, February 7th. Raymond James reiterated an “outperform” rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Truist Financial boosted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Piper Sandler reduced their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. grew its holdings in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after acquiring an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth $63,000. GAMMA Investing LLC boosted its position in Glacier Bancorp by 60.4% during the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after purchasing an additional 947 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after purchasing an additional 927 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of NASDAQ GBCI opened at $50.12 on Monday. Glacier Bancorp has a twelve month low of $34.35 and a twelve month high of $60.67. 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 firm has a 50-day moving average of $51.28 and a two-hundred day moving average of $49.26. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 30.01 and a beta of 0.80.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.63%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 79.04%.

Glacier Bancorp Company Profile

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.