Glacier Bancorp Inc. (GBCI) Given Consensus Rating of “Hold” by Brokerages
Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) have received an average rating of “Hold” from the six analysts that are currently covering the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.25.
A number of brokerages have weighed in on GBCI. Zacks Investment Research cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. FIG Partners cut shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd.
Glacier Bancorp (NASDAQ:GBCI) opened at 27.79 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 17.85 and a beta of 1.47. Glacier Bancorp has a one year low of $21.90 and a one year high of $30.12. The stock has a 50 day moving average of $28.71 and a 200 day moving average of $27.22.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Glacier Bancorp had a net margin of 27.17% and a return on equity of 10.82%. On average, equities analysts forecast that Glacier Bancorp will post $1.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Tuesday, October 11th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.88%. Glacier Bancorp’s dividend payout ratio is currently 51.28%.
Hedge funds have recently bought and sold shares of the stock. Pacad Investment Ltd. purchased a new stake in Glacier Bancorp during the second quarter worth about $100,000. Tower Research Capital LLC TRC purchased a new stake in Glacier Bancorp during the second quarter worth about $102,000. Bank of Montreal Can purchased a new stake in Glacier Bancorp during the second quarter worth about $117,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Glacier Bancorp during the second quarter worth about $120,000. Finally, Strs Ohio raised its stake in Glacier Bancorp by 20.5% in the second quarter. Strs Ohio now owns 4,700 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Institutional investors own 75.60% of the company’s stock.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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