Analysts Set Glacier Bancorp Inc. (GBCI) Target Price at $27.25
Glacier Bancorp Inc. (NASDAQ:GBCI) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $27.25.
Several research firms have recently 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 Tuesday, July 26th. FIG Partners lowered shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd.
In other Glacier Bancorp news, insider Don J. Chery sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $33.26, for a total value of $99,780.00. Following the transaction, the insider now directly owns 40,166 shares of the company’s stock, valued at $1,335,921.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBCI. Pacad Investment Ltd. acquired a new position in Glacier Bancorp during the second quarter worth $100,000. Riverhead Capital Management LLC raised its position in Glacier Bancorp by 34.9% in the third quarter. Riverhead Capital Management LLC now owns 3,800 shares of the company’s stock worth $108,000 after buying an additional 984 shares during the period. Tower Research Capital LLC TRC acquired a new position in Glacier Bancorp during the second quarter worth $102,000. Bank of Montreal Can acquired a new position in Glacier Bancorp during the second quarter worth $117,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Glacier Bancorp during the second quarter worth $120,000. 76.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Glacier Bancorp (NASDAQ:GBCI) opened at 33.76 on Friday. The company has a market capitalization of $2.58 billion, a PE ratio of 21.50 and a beta of 1.34. The company has a 50-day moving average of $28.98 and a 200 day moving average of $27.80. Glacier Bancorp has a 52-week low of $21.90 and a 52-week high of $33.91.
Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Glacier Bancorp had a return on equity of 10.77% and a net margin of 26.97%. Analysts predict that Glacier Bancorp will post $1.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, December 6th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, December 2nd. Glacier Bancorp’s dividend payout ratio (DPR) is 50.96%.
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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