6 days Ago By ABMN Staff
Glacier Bancorp ( NASDAQ:GBCI – Free Report ) had its price target lowered by Keefe, Bruyette & Woods from $55.00 to $50.00 in a research note issued to investors on Monday morning, Benzinga reports.
The firm currently has a market perform rating on the bank’s stock. A number of other research analysts have also recently issued reports on the company. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd.
Piper Sandler lowered their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th.
Finally, Raymond James reiterated an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th.
One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.50.
Read Our Latest Research Report on Glacier Bancorp Glacier Bancorp Stock Performance Glacier Bancorp ( NASDAQ:GBCI – Get Free Report ) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
46 by $0.02. Glacier Bancorp had a return on equity of 5.
98% and a net margin of 14.99%. During the same period in the previous year, the business earned $0.
29 earnings per share. On average, research analysts anticipate that Glacier Bancorp will post 2.45 earnings per share for the current fiscal year.
Glacier Bancorp Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.33 per share.
The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.
23%. Glacier Bancorp’s payout ratio is currently 79.04%.
Hedge Funds Weigh In On Glacier Bancorp Several institutional investors have recently modified their holdings of GBCI. Wood Tarver Financial Group LLC acquired a new position in shares of Glacier Bancorp during the 4th quarter worth about $33,000. JNBA Financial Advisors acquired a new position in shares of Glacier Bancorp during the 1st quarter worth about $35,000.
Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% during the 4th quarter.
Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after buying an additional 362 shares during the period. UMB Bank n.
a. grew its position in shares of Glacier Bancorp by 114.9% during the 1st quarter.
UMB Bank n.a. now owns 838 shares of the bank’s stock worth $37,000 after buying an additional 448 shares during the period.
Finally, Farther Finance Advisors LLC grew its position in shares of Glacier Bancorp by 252.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank’s stock worth $62,000 after buying an additional 1,001 shares during the period.
80.17% of the stock is currently owned by institutional investors and hedge funds. 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 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.com's FREE daily email newsletter .
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