Glacier Bancorp (NASDAQ:GBCI) PT Raised to $53.00 at Truist Financial

Glacier Bancorp (NASDAQ:GBCI) had its price target lifted by equities research analysts at Truist Financial from $50.00 to $53.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s price target would suggest a potential upside of 6.90% from the stock’s current price.

GBCI has been the subject of a number of other reports. Raymond James upped their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Glacier Bancorp in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.80.

Glacier Bancorp Trading Up 3.9 %

Shares of GBCI stock opened at $49.58 on Monday. Glacier Bancorp has a 1 year low of $29.35 and a 1 year high of $50.10. The firm has a fifty day moving average price of $45.66 and a 200-day moving average price of $41.14. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 30.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.81 and a quick ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities analysts predict that Glacier Bancorp will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Glacier Bancorp

In other news, Director Annie M. Goodwin sold 5,619 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $44.55, for a total value of $250,326.45. Following the completion of the sale, the director now directly owns 9,402 shares of the company’s stock, valued at $418,859.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Glacier Bancorp

A number of large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Glacier Bancorp during the first quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in Glacier Bancorp in the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Glacier Bancorp in the 1st quarter worth about $50,000. GAMMA Investing LLC raised its stake in shares of Glacier Bancorp by 96.9% during the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after acquiring an additional 772 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Glacier Bancorp in the first quarter valued at approximately $216,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Company Profile

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.