Analysts Set Glacier Bancorp, Inc. (NYSE:GBCI) PT at $55.17

Glacier Bancorp, Inc. (NYSE:GBCI) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $55.1667.

GBCI has been the topic of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $58.00 price objective on shares of Glacier Bancorp in a research note on Monday, July 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th.

Glacier Bancorp Trading Up 1.1%

Shares of GBCI opened at $46.86 on Monday. Glacier Bancorp has a fifty-two week low of $39.90 and a fifty-two week high of $54.58. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 19.20 and a beta of 0.72. The firm has a 50 day moving average price of $49.74 and a 200-day moving average price of $48.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84.

Glacier Bancorp (NYSE:GBCI) last released its earnings results on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $320.94 million for the quarter. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. During the same period in the prior year, the business posted $0.57 EPS. As a group, equities research analysts forecast that Glacier Bancorp will post 3.11 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th were given a $0.33 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.8%. Glacier Bancorp’s payout ratio is presently 54.10%.

Insider Buying and Selling at Glacier Bancorp

In other news, Chairman Craig Langel bought 2,250 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of $47.04 per share, for a total transaction of $105,840.00. Following the completion of the acquisition, the chairman owned 98,684 shares of the company’s stock, valued at approximately $4,642,095.36. This trade represents a 2.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Glacier Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its position in shares of Glacier Bancorp by 122.5% in the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after acquiring an additional 359 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after purchasing an additional 223 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Glacier Bancorp during the 4th quarter valued at about $35,000. Hedge funds and other 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.