Stocks of Glacier Bancorp Inc. (NYSE:GBCI) traded higher last session on Wall Street, down -7.12% to $41.61.
According to the data, Glacier Bancorp Inc. (NYSE:GBCI) has 7 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $45.00, we find $50.00. Given the previous closing price of $44.80, this indicates a potential upside of 11.61 percent. GBCI stock price is now -12.19% away from the 50-day moving average and -17.44% away from the 200-day moving average. The market capitalization of the company currently stands at $4.58B.
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A total of 4 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $49.86 as their price target over the next twelve months.
With the price target maintained at $51, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Glacier Bancorp Inc. (NYSE: GBCI)., while ‘Stephens’ rates the stock as ‘Equal-Weight’.
Insiders disposed of 16,142 shares of company stock worth roughly $0.67 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GBCI stock. A new stake in Glacier Bancorp Inc. shares was purchased by BALDWIN BROTHERS LLC/MA during the first quarter worth $6,743,000. AMALGAMATED FINANCIAL CORP. invested $2,909,000 in shares of GBCI during the first quarter. In the first quarter, AGF MANAGEMENT LTD acquired a new stake in Glacier Bancorp Inc. valued at approximately $2,549,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in GBCI for approximately $1,829,000. HRT FINANCIAL LP purchased a new stake in GBCI valued at around $1,438,000 in the second quarter. In total, there are 436 active investors with 72.90% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $44.31 for Glacier Bancorp Inc. (NYSE: GBCI). During the past 12 months, Glacier Bancorp Inc. has had a low of $44.25 and a high of $59.70. The fifty day moving average price for GBCI is $47.38 and a two-hundred day moving average price translates $50.40 for the stock.
The latest earnings results from Glacier Bancorp Inc. (NYSE: GBCI) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $0.72, missing analysts’ expectations of $0.73 by -0.01. This compares to $0.41 EPS in the same period last year. The net profit margin was 36.50% and return on equity was 10.60% for GBCI. The company reported revenue of $225.09 million for the quarter, compared to $192.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.73 percent. For the current quarter, analysts expect GBCI to generate $203.21M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 12/06/2022 were paid a $0.33 dividend. On an annualized basis, this represents a $1.32 dividend and a 3.17% percent yield. There was an ex-dividend date of 12/05/2022 for this dividend. In terms of dividend payout ratio, GBCI is presently at 48.20%.
Glacier Bancorp Inc.(GBCI) 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; paycheck protection program loans; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Further, the company provides mortgage origination and loan servicing services. It has 224 locations, including 188 branches and 36 loan or administration offices in 75 counties within 8 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company was founded in 1955 and is headquartered in Kalispell, Montana.
