Glacier Bancorp, Inc. (NYSE:GBCI) Receives $56.50 Average PT from Brokerages

Shares of Glacier Bancorp, Inc. (NYSE:GBCI) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $56.50.

Several brokerages recently issued reports on GBCI. Keefe, Bruyette & Woods upgraded shares of Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Monday, December 15th. Piper Sandler upgraded shares of Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 target price on the stock in a report on Thursday, December 18th. Brean Capital downgraded Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a report on Monday, December 29th. Finally, Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th.

Glacier Bancorp Stock Performance

NYSE:GBCI opened at $44.67 on Friday. The business’s 50-day moving average price is $48.35 and its two-hundred day moving average price is $46.41. Glacier Bancorp has a twelve month low of $36.76 and a twelve month high of $53.99. The stock has a market cap of $5.81 billion, a P/E ratio of 22.45 and a beta of 0.75. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.10). The business had revenue of $306.51 million for the quarter. Glacier Bancorp had a return on equity of 6.68% and a net margin of 16.63%.

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.