2 weeks Ago By Defense World Staff
Shares of Glacier Bancorp, Inc. ( NASDAQ:GBCI – Get Free Report ) have been assigned an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports.
Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $46.20.
Several equities analysts recently issued reports on GBCI shares. Raymond James lifted their price objective on shares of Glacier Bancorp from $45.00 to $48.
00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Piper Sandler lifted their price target on Glacier Bancorp from $42.00 to $45.
00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Truist Financial upped their price objective on Glacier Bancorp from $50.00 to $53.
00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Check Out Our Latest Report on Glacier Bancorp Glacier Bancorp Stock Performance Glacier Bancorp ( NASDAQ:GBCI – Get Free Report ) last posted its earnings results on Thursday, October 24th. The bank reported $0.
45 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 for the quarter, compared to the consensus estimate of $212.57 million.
During the same quarter last year, the firm posted $0.47 EPS. As a group, equities research analysts forecast that Glacier Bancorp will post 1.
7 EPS for the current fiscal year. Glacier Bancorp Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.
33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.
26%. The ex-dividend date of this dividend is Tuesday, December 10th. Glacier Bancorp’s payout ratio is presently 81.
48%. Institutional Trading of Glacier Bancorp Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc.
increased its position in Glacier Bancorp by 2.6% during the 2nd quarter. Pacer Advisors Inc.
now owns 16,943 shares of the bank’s stock valued at $632,000 after buying an additional 427 shares in the last quarter. Cladis Investment Advisory LLC grew its stake in shares of Glacier Bancorp by 1.6% during the third quarter.
Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after acquiring an additional 500 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Glacier Bancorp by 9.4% during the third quarter.
HighTower Advisors LLC now owns 5,882 shares of the bank’s stock valued at $277,000 after acquiring an additional 507 shares in the last quarter. Stifel Financial Corp raised its position in shares of Glacier Bancorp by 0.3% in the 3rd quarter.
Stifel Financial Corp now owns 203,566 shares of the bank’s stock valued at $9,303,000 after purchasing an additional 582 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Glacier Bancorp by 6.7% in the 2nd quarter.
Inspire Investing LLC now owns 9,472 shares of the bank’s stock worth $353,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.
Glacier Bancorp Company Profile ( Get Free Report 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. Featured Articles Five stocks we like better than Glacier Bancorp 3 Warren Buffett Stocks to Buy Now Cerence Up 155% in 2 Days: SoundHound AI’s Fierce Competitor Dividend Capture Strategy: What You Need to Know Why Warren Buffett Is Selling: A Look at His Latest Market Moves Uptrend Stocks Explained: Learn How to Trade Using Uptrends Why Amazon Shares May Never Trade Below $200 Again Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.
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