Piper Sandler Has Lowered Expectations for Glacier Bancorp (NASDAQ:GBCI) Stock Price

Glacier Bancorp (NASDAQ:GBCIGet Free Report) had its price objective lowered by equities research analysts at Piper Sandler from $57.00 to $54.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective indicates a potential upside of 8.39% from the stock’s previous close.

A number of other research firms have also recently issued reports on GBCI. Keefe, Bruyette & Woods lifted their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Truist Financial boosted their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Raymond James restated an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.50.

Check Out Our Latest Analysis on GBCI

Glacier Bancorp Trading Down 0.7 %

Shares of Glacier Bancorp stock opened at $49.82 on Monday. Glacier Bancorp has a 12-month low of $34.35 and a 12-month high of $60.67. The stock has a market capitalization of $5.65 billion, a P/E ratio of 30.75 and a beta of 0.81. The company has a 50-day simple moving average of $52.98 and a 200 day simple moving average of $48.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Financial Advocates Investment Management grew its position in shares of Glacier Bancorp by 1.9% during the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock worth $817,000 after buying an additional 311 shares during the period. Mather Group LLC. boosted its stake in Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after acquiring an additional 362 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Glacier Bancorp by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock worth $1,121,000 after acquiring an additional 350 shares during the period. KBC Group NV raised its position in shares of Glacier Bancorp by 68.3% during the 4th quarter. KBC Group NV now owns 5,163 shares of the bank’s stock valued at $259,000 after acquiring an additional 2,095 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Glacier Bancorp by 192.9% during the 4th quarter. Blue Trust Inc. now owns 5,087 shares of the bank’s stock valued at $232,000 after acquiring an additional 3,350 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

About Glacier Bancorp

(Get Free Report)

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.

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Analyst Recommendations for Glacier Bancorp (NASDAQ:GBCI)

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