Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.40.
GBCI has been the topic of a number of recent analyst reports. Stephens lowered their target price on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 23rd. StockNews.com upgraded Glacier Bancorp to a “sell” rating in a research note on Thursday, June 6th. Truist Financial lowered their target price on Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Finally, DA Davidson lowered their target price on Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd.
View Our Latest Research Report on Glacier Bancorp
Institutional Investors Weigh In On Glacier Bancorp
Glacier Bancorp Price Performance
Shares of NASDAQ:GBCI opened at $37.32 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $37.16 and its two-hundred day simple moving average is $38.36. Glacier Bancorp has a 1-year low of $26.83 and a 1-year high of $44.06. The stock has a market cap of $4.23 billion, a PE ratio of 21.33 and a beta of 0.80.
Glacier Bancorp (NASDAQ:GBCI – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $196.47 million for the quarter, compared to the consensus estimate of $202.66 million. Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. Glacier Bancorp’s revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. As a group, analysts forecast that Glacier Bancorp will post 1.64 EPS for the current fiscal year.
Glacier Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio is currently 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.
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