Glacier Bancorp (NASDAQ:GBCI) Price Target Cut to $54.00 by Analysts at Piper Sandler

Glacier Bancorp (NASDAQ:GBCI) had its price target reduced by investment analysts at Piper Sandler from $57.00 to $54.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Piper Sandler’s target price indicates a potential upside of 6.81% from the stock’s current price.

GBCI has been the subject of several other research reports. Truist Financial lifted their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Raymond James reaffirmed an “outperform” rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Trading Down 0.1 %

Shares of NASDAQ:GBCI traded down $0.05 during trading hours on Monday, hitting $50.56. 55,240 shares of the company’s stock traded hands, compared to its average volume of 602,317. Glacier Bancorp has a 1 year low of $34.35 and a 1 year high of $60.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $5.73 billion, a P/E ratio of 31.28 and a beta of 0.81. The business has a fifty day moving average price of $53.10 and a 200-day moving average price of $48.69.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same quarter last year, the firm posted $0.47 EPS. Equities analysts expect that Glacier Bancorp will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Glacier Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares during the period. Pacer Advisors Inc. raised its stake in Glacier Bancorp by 1.6% in the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock valued at $1,121,000 after purchasing an additional 350 shares during the last quarter. KBC Group NV lifted its holdings in Glacier Bancorp by 68.3% in the 4th quarter. KBC Group NV now owns 5,163 shares of the bank’s stock valued at $259,000 after purchasing an additional 2,095 shares in the last quarter. Blue Trust Inc. boosted its stake in Glacier Bancorp by 192.9% during the 4th quarter. Blue Trust Inc. now owns 5,087 shares of the bank’s stock worth $232,000 after purchasing an additional 3,350 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $251,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.