Brokerages Set Glacier Bancorp, Inc. (NYSE:GBCI) Target Price at $55.17

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have received an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $55.1667.

Several equities research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Stephens upped their price target on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Piper Sandler upped their price target on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th.

Glacier Bancorp Price Performance

Shares of GBCI opened at $49.06 on Tuesday. The company has a 50 day moving average price of $48.05 and a 200-day moving average price of $47.12. Glacier Bancorp has a fifty-two week low of $39.90 and a fifty-two week high of $53.99. The stock has a market capitalization of $6.38 billion, a PE ratio of 22.92 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The firm had revenue of $309.61 million during the quarter. During the same period in the previous year, the company posted $0.48 EPS. Equities analysts predict that Glacier Bancorp will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, April 7th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is presently 61.68%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Assetmark Inc. raised its stake in shares of Glacier Bancorp by 33.9% during the 1st quarter. Assetmark Inc. now owns 813 shares of the company’s stock worth $36,000 after acquiring an additional 206 shares in the last quarter. Front Street Capital Management Inc. raised its stake in shares of Glacier Bancorp by 1.1% during the 4th quarter. Front Street Capital Management Inc. now owns 19,335 shares of the company’s stock worth $852,000 after acquiring an additional 213 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Glacier Bancorp by 4.6% during the 4th quarter. MML Investors Services LLC now owns 5,047 shares of the company’s stock worth $222,000 after acquiring an additional 221 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Glacier Bancorp by 1.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the company’s stock worth $855,000 after acquiring an additional 225 shares in the last quarter. 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. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.