Glacier Bancorp (GBCI) Earns “Hold” Rating from Sandler O’Neill

Sandler O’Neill reiterated their hold rating on shares of Glacier Bancorp (NASDAQ:GBCI) in a research note released on Thursday. The brokerage currently has a $41.00 target price on the bank’s stock.

A number of other equities research analysts have also recently weighed in on GBCI. Zacks Investment Research upgraded Glacier Bancorp from a sell rating to a buy rating and set a $44.00 price objective for the company in a research note on Monday, January 1st. SunTrust Banks reiterated a buy rating and issued a $43.00 price objective on shares of Glacier Bancorp in a research note on Tuesday, January 9th. BidaskClub upgraded Glacier Bancorp from a hold rating to a buy rating in a research note on Saturday, December 2nd. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $41.00 price objective on shares of Glacier Bancorp in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Glacier Bancorp presently has a consensus rating of Hold and a consensus price target of $41.20.

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Shares of NASDAQ:GBCI opened at $38.38 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market capitalization of $3,243.34, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. Glacier Bancorp has a 52-week low of $31.38 and a 52-week high of $41.24.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). The business had revenue of $117.54 million during the quarter, compared to analyst estimates of $122.23 million. Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. sell-side analysts predict that Glacier Bancorp will post 2.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Tuesday, April 10th will be paid a $0.23 dividend. The ex-dividend date is Monday, April 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.40%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.21. Glacier Bancorp’s payout ratio is currently 48.00%.

In other Glacier Bancorp news, Director James M. English sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $41.01, for a total value of $205,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Glacier Bancorp by 2.8% in the fourth quarter. BlackRock Inc. now owns 10,551,595 shares of the bank’s stock valued at $415,627,000 after buying an additional 285,583 shares during the last quarter. Standard Life Aberdeen plc lifted its stake in Glacier Bancorp by 3.1% in the fourth quarter. Standard Life Aberdeen plc now owns 2,317,894 shares of the bank’s stock valued at $91,302,000 after buying an additional 69,948 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Glacier Bancorp by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,270,992 shares of the bank’s stock worth $85,752,000 after purchasing an additional 8,556 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Glacier Bancorp by 12.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,258,782 shares of the bank’s stock worth $88,974,000 after purchasing an additional 253,840 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Glacier Bancorp by 3.5% during the third quarter. Neuberger Berman Group LLC now owns 1,683,218 shares of the bank’s stock worth $63,558,000 after purchasing an additional 57,397 shares during the last quarter. Institutional investors own 77.19% of the company’s stock.

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Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.

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