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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $43.00.

Several brokerages have recently issued reports on GBCI. StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a research note on Thursday, June 6th. Truist Financial lifted their target price on shares of Glacier Bancorp from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Finally, Piper Sandler restated a “neutral” rating and set a $38.00 price target on shares of Glacier Bancorp in a research note on Tuesday, August 27th.

Glacier Bancorp Stock Up 3.8 %

GBCI stock opened at $47.46 on Friday. The stock has a market cap of $5.38 billion, a P/E ratio of 27.12 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $43.92 and its two-hundred day simple moving average is $39.77. Glacier Bancorp has a 1-year low of $26.83 and a 1-year high of $47.71.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The company had revenue of $306.04 million for the quarter, compared to the consensus estimate of $204.43 million. During the same period in the previous year, the firm earned $0.50 EPS. Analysts expect that Glacier Bancorp will post 1.62 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Tuesday, July 9th. Glacier Bancorp’s payout ratio is 75.43%.

Insider Transactions at Glacier Bancorp

In related news, Director Annie M. Goodwin sold 5,619 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total value of $250,326.45. Following the completion of the transaction, the director now directly owns 9,402 shares in the company, valued at $418,859.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Annie M. Goodwin sold 5,619 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.55, for a total value of $250,326.45. Following the completion of the transaction, the director now directly owns 9,402 shares in the company, valued at approximately $418,859.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Don J. Chery sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $45.49, for a total value of $45,490.00. Following the transaction, the chief accounting officer now directly owns 52,539 shares in the company, valued at $2,389,999.11. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Glacier Bancorp

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in Glacier Bancorp in the 4th quarter worth $1,185,000. Natixis Advisors L.P. lifted its stake in shares of Glacier Bancorp by 22.2% in the 4th quarter. Natixis Advisors L.P. now owns 35,107 shares of the bank’s stock valued at $1,450,000 after acquiring an additional 6,376 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 65,372 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Glacier Bancorp during the 4th quarter valued at about $268,000. Finally, Dimensional Fund Advisors LP grew its position in Glacier Bancorp by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,314,970 shares of the bank’s stock worth $95,661,000 after acquiring an additional 96,347 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

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.