Glacier Bancorp (NASDAQ:GBCI) had its price objective lowered by DA Davidson from $42.00 to $40.00 in a research report sent to investors on Monday morning. The brokerage currently has a neutral rating on the bank’s stock.
Other equities analysts have also recently issued reports about the company. BidaskClub cut Glacier Bancorp from a hold rating to a sell rating in a report on Wednesday, January 10th. Sandler O’Neill restated a hold rating and set a $41.00 price target on shares of Glacier Bancorp in a report on Thursday, March 29th. ValuEngine upgraded Glacier Bancorp from a hold rating to a buy rating in a report on Wednesday, April 4th. SunTrust Banks restated a buy rating and set a $43.00 price target on shares of Glacier Bancorp in a report on Tuesday, January 9th. Finally, Zacks Investment Research cut Glacier Bancorp from a buy rating to a hold rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $41.00.
Glacier Bancorp stock opened at $38.07 on Monday. The company has a market cap of $3,172.37, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.30. Glacier Bancorp has a 52-week low of $31.38 and a 52-week high of $41.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20.
Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, April 19th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The business had revenue of $121.38 million for the quarter, compared to the consensus estimate of $129.25 million. Glacier Bancorp had a return on equity of 11.31% and a net margin of 24.58%. During the same quarter in the previous year, the company posted $0.41 earnings per share. sell-side analysts forecast that Glacier Bancorp will post 2.22 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 19th. Investors of record on Tuesday, April 10th were issued a $0.23 dividend. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, April 9th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 52.57%.
In related news, Director James M. English sold 5,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $41.01, for a total value of $205,050.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Glacier Bancorp by 45.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock worth $182,000 after purchasing an additional 1,454 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Glacier Bancorp in the 4th quarter worth $203,000. First Allied Advisory Services Inc. bought a new position in shares of Glacier Bancorp in the 4th quarter worth $206,000. Zeke Capital Advisors LLC bought a new position in shares of Glacier Bancorp in the 4th quarter worth $211,000. Finally, Wolverine Trading LLC bought a new position in shares of Glacier Bancorp in the 4th quarter worth $218,000. Institutional investors own 77.19% of the company’s stock.
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Glacier Bancorp Company Profile
Glacier Bancorp, Inc operates as the 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. It offers deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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