According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “
Several other analysts also recently issued reports on the company. SunTrust Banks set a $75.00 price target on Cimarex Energy and gave the stock a hold rating in a report on Tuesday, April 23rd. BidaskClub raised Zai Lab from a buy rating to a strong-buy rating in a report on Friday, June 28th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $43.80.
NASDAQ:GBCI opened at $40.28 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $40.10. Glacier Bancorp has a 52 week low of $36.84 and a 52 week high of $47.67. The company has a market cap of $3.49 billion, a P/E ratio of 17.67, a PEG ratio of 1.66 and a beta of 1.18.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, April 18th. The bank reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Glacier Bancorp had a return on equity of 12.83% and a net margin of 31.38%. The firm had revenue of $143.69 million for the quarter, compared to the consensus estimate of $148.14 million. Analysts anticipate that Glacier Bancorp will post 2.42 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Tuesday, July 9th will be issued a $0.27 dividend. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, July 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.68%. Glacier Bancorp’s dividend payout ratio (DPR) is 49.77%.
In related news, Director David C. Boyles sold 25,399 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $40.32, for a total value of $1,024,087.68. Following the sale, the director now owns 1,218 shares of the company’s stock, valued at approximately $49,109.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Berman Capital Advisors LLC bought a new stake in Glacier Bancorp during the 4th quarter valued at $26,000. Buffington Mohr McNeal bought a new stake in Glacier Bancorp during the 1st quarter valued at $31,000. FMR LLC raised its stake in Glacier Bancorp by 97.5% during the 4th quarter. FMR LLC now owns 1,722 shares of the bank’s stock valued at $68,000 after acquiring an additional 850 shares in the last quarter. Cable Hill Partners LLC raised its stake in Glacier Bancorp by 1,229.3% during the 1st quarter. Cable Hill Partners LLC now owns 1,768 shares of the bank’s stock valued at $71,000 after acquiring an additional 1,635 shares in the last quarter. Finally, Edge Capital Group LLC acquired a new position in shares of Glacier Bancorp during the 4th quarter valued at $217,000. 77.38% of the stock is currently owned by hedge funds and other institutional investors.
About Glacier Bancorp
Glacier Bancorp, Inc operates as the 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 deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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