Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) have been given an average recommendation of “Hold” by the six research firms that are covering the firm. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $27.25.
A number of analysts have recently issued reports on the company. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. FIG Partners cut Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd.
Shares of Glacier Bancorp (NASDAQ:GBCI) traded up 1.01% on Friday, hitting $27.90. The stock had a trading volume of 138,091 shares. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 17.92 and a beta of 1.47. Glacier Bancorp has a 52 week low of $21.90 and a 52 week high of $30.12. The firm has a 50 day moving average price of $28.85 and a 200-day moving average price of $27.14.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) 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%. Analysts anticipate that Glacier Bancorp will post $1.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Tuesday, October 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, October 6th. Glacier Bancorp’s dividend payout ratio is 51.28%.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Glacier Bancorp by 5.9% in the second quarter. Vanguard Group Inc. now owns 6,080,436 shares of the company’s stock valued at $161,618,000 after buying an additional 340,564 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Glacier Bancorp by 3.1% in the second quarter. BlackRock Fund Advisors now owns 4,977,626 shares of the company’s stock valued at $132,305,000 after buying an additional 151,684 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Glacier Bancorp by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,539,124 shares of the company’s stock valued at $67,488,000 after buying an additional 88,361 shares in the last quarter. State Street Corp raised its stake in shares of Glacier Bancorp by 1.9% in the first quarter. State Street Corp now owns 2,405,266 shares of the company’s stock valued at $61,138,000 after buying an additional 45,843 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Glacier Bancorp by 0.9% in the third quarter. Fisher Asset Management LLC now owns 2,141,642 shares of the company’s stock valued at $61,080,000 after buying an additional 19,878 shares in the last quarter. 75.60% of the stock is currently owned by institutional investors and hedge funds.
About Glacier Bancorp
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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