Glacier Bancorp (NASDAQ:GBCI) Given “Outperform” Rating at Raymond James

Raymond James reissued their outperform rating on shares of Glacier Bancorp (NASDAQ:GBCI) in a research note published on Wednesday morning,Benzinga reports. Raymond James currently has a $55.00 price objective on the bank’s stock, up from their prior price objective of $52.00.

A number of other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Truist Financial increased their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Piper Sandler increased their target price on Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Glacier Bancorp has a consensus rating of “Hold” and an average target price of $52.00.

Glacier Bancorp Trading Up 0.2 %

Shares of GBCI opened at $50.87 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. Glacier Bancorp has a 1 year low of $34.35 and a 1 year high of $60.67. The company has a 50 day simple moving average of $54.03 and a two-hundred day simple moving average of $47.88. The firm has a market cap of $5.77 billion, a P/E ratio of 29.44 and a beta of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The business had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same period last year, the firm posted $0.47 EPS. On average, equities analysts expect that Glacier Bancorp will post 1.73 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.59%. Glacier Bancorp’s dividend payout ratio is presently 81.48%.

Institutional Trading of Glacier Bancorp

A number of institutional investors have recently bought and sold shares of GBCI. GAMMA Investing LLC lifted its position in Glacier Bancorp by 60.4% in the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock worth $115,000 after buying an additional 947 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after buying an additional 927 shares during the last quarter. Wolverine Trading LLC bought a new stake in Glacier Bancorp in the third quarter worth $205,000. Intech Investment Management LLC bought a new stake in Glacier Bancorp in the second quarter worth $207,000. Finally, Paloma Partners Management Co bought a new stake in Glacier Bancorp in the third quarter worth $250,000. 80.17% of the stock is currently owned by 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.