Glacier Bancorp, Inc. (NASDAQ:GBCI) Receives $43.00 Average Price Target from Analysts

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been given an average rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.00.

A number of equities research analysts have recently commented on GBCI shares. Piper Sandler cut their target price on Glacier Bancorp from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Truist Financial boosted their price objective on shares of Glacier Bancorp from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Finally, StockNews.com raised Glacier Bancorp to a “sell” rating in a research report on Thursday, June 6th.

Insider Activity

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Glacier Bancorp in the 4th quarter worth $25,000. Allspring Global Investments Holdings LLC bought a new position in shares of Glacier Bancorp in the first quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Glacier Bancorp during the second quarter worth about $25,000. Headlands Technologies LLC bought a new stake in Glacier Bancorp during the 1st quarter valued at approximately $50,000. Finally, Signaturefd LLC lifted its holdings in Glacier Bancorp by 51.9% in the 4th quarter. Signaturefd LLC now owns 3,727 shares of the bank’s stock worth $154,000 after purchasing an additional 1,274 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of GBCI opened at $46.97 on Monday. Glacier Bancorp has a fifty-two week low of $26.83 and a fifty-two week high of $47.58. The firm’s 50-day simple moving average is $40.66 and its two-hundred day simple moving average is $38.69. The stock has a market cap of $5.33 billion, a PE ratio of 26.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The firm had revenue of $306.04 million for the quarter, compared to analysts’ expectations of $204.43 million. During the same period in the previous year, the firm posted $0.50 EPS. Analysts anticipate that Glacier Bancorp will post 1.63 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Tuesday, July 9th were given a $0.33 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $1.32 annualized dividend and a yield of 2.81%. Glacier Bancorp’s payout ratio is 75.43%.

About Glacier Bancorp

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.