Shares of Glacier Bancorp (NASDAQ:GBCI) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.60.
Several research firms have recently weighed in on GBCI. BidaskClub raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. ValuEngine downgraded shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. DA Davidson lowered their price objective on shares of Glacier Bancorp from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 23rd. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a research report on Thursday, March 29th.
Glacier Bancorp stock opened at $39.53 on Friday. The company has a market capitalization of $3.34 billion, a PE ratio of 21.70, a PEG ratio of 1.83 and a beta of 1.32. 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 has a fifty-two week low of $39.02 and a fifty-two week high of $39.34.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 19th. Investors of record on Tuesday, April 10th were given a dividend of $0.23 per share. The ex-dividend date was Monday, April 9th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.33%. Glacier Bancorp’s payout ratio is presently 52.57%.
In related news, Director James M. English sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $41.01, for a total transaction of $205,050.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in GBCI. Motco purchased a new position in Glacier Bancorp during the first quarter valued at approximately $152,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Glacier Bancorp by 45.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock valued at $182,000 after purchasing an additional 1,454 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Glacier Bancorp during the fourth quarter valued at approximately $203,000. First Allied Advisory Services Inc. acquired a new stake in Glacier Bancorp in the fourth quarter valued at approximately $206,000. Finally, Zeke Capital Advisors LLC acquired a new stake in Glacier Bancorp in the fourth quarter valued at approximately $211,000. 76.55% of the stock is currently owned by hedge funds and other institutional investors.
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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