Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $55.67 Consensus Target Price from Brokerages

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $55.6667.

GBCI has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of Glacier Bancorp from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Stephens set a $58.00 price objective on Glacier Bancorp in a research report on Monday, January 26th. Keefe, Bruyette & Woods restated an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th. Janney Montgomery Scott initiated coverage on Glacier Bancorp in a research note on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Finally, Piper Sandler set a $59.00 price target on Glacier Bancorp and gave the company an “overweight” rating in a research report on Wednesday, February 11th.

Glacier Bancorp Stock Up 0.1%

Shares of NASDAQ GBCI opened at $47.74 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market cap of $6.20 billion, a P/E ratio of 28.59 and a beta of 0.76. Glacier Bancorp has a 52 week low of $36.76 and a 52 week high of $53.99. The business has a 50-day simple moving average of $48.30 and a two-hundred day simple moving average of $46.43.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.13). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period in the prior year, the firm earned $0.54 EPS. Research analysts anticipate that Glacier Bancorp will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Glacier Bancorp

A number of institutional investors have recently made changes to their positions in GBCI. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Glacier Bancorp during the 4th quarter valued at $31,000. Mather Group LLC. purchased a new stake in Glacier Bancorp during the third quarter valued at about $35,000. EverSource Wealth Advisors LLC raised its position in Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the bank’s stock valued at $31,000 after purchasing an additional 490 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Glacier Bancorp by 41.2% during the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the bank’s stock worth $34,000 after purchasing an additional 223 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Glacier Bancorp in the 3rd quarter worth about $40,000. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana, serving communities across the western United States. Through its primary banking subsidiary, Glacier Bank, the company offers a range of financial products, including commercial and consumer lending, deposit accounts, treasury management, mortgage banking, wealth management and insurance services. With locations in dozens of branches across Montana, Idaho, Wyoming, Nevada, Utah, Washington, Colorado and Arizona, it caters to individuals, small businesses and agribusiness clients.

Since its establishment in the mid-20th century as a community-focused savings institution, Glacier Bancorp has grown through both organic expansion and strategic acquisitions of regional banks, strengthening its presence in local markets.