Glacier Bancorp, Inc. (GBCI) Given a $38.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $38.00 target price on Glacier Bancorp, Inc. (NASDAQ:GBCI) in a research report released on Saturday. The brokerage currently has a hold rating on the bank’s stock.

Several other research firms have also issued reports on GBCI. Zacks Investment Research lowered Glacier Bancorp from a buy rating to a hold rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods set a $36.00 target price on Glacier Bancorp and gave the stock a hold rating in a report on Monday, June 26th. Finally, BidaskClub cut Glacier Bancorp from a hold rating to a sell rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $38.33.

Glacier Bancorp (GBCI) traded up 0.27% during trading on Friday, reaching $37.24. 565,569 shares of the company’s stock were exchanged. Glacier Bancorp has a 52-week low of $27.31 and a 52-week high of $38.18. The stock’s 50-day moving average price is $35.61 and its 200-day moving average price is $34.73. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 21.65 and a beta of 1.49.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Glacier Bancorp had a return on equity of 11.48% and a net margin of 27.69%. The firm had revenue of $120.00 million during the quarter, compared to analyst estimates of $121.07 million. Equities analysts expect that Glacier Bancorp will post $1.78 earnings per share for the current year.

WARNING: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/22/glacier-bancorp-inc-gbci-given-a-38-00-price-target-at-piper-jaffray-companies.html.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 21st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Wednesday, September 20th. Glacier Bancorp’s payout ratio is presently 48.84%.

A number of institutional investors have recently bought and sold shares of GBCI. LS Investment Advisors LLC boosted its holdings in Glacier Bancorp by 4.9% in the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after acquiring an additional 134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Glacier Bancorp by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after acquiring an additional 283 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Glacier Bancorp by 34.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after acquiring an additional 947 shares during the last quarter. Advisor Group Inc. boosted its holdings in Glacier Bancorp by 23.7% in the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after acquiring an additional 744 shares during the last quarter. Finally, Fiduciary Trust Co. bought a new position in Glacier Bancorp in the second quarter valued at about $183,000. Institutional investors and hedge funds own 80.86% of the company’s stock.

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Several other research firms have also issued reports on GBCI. Zacks Investment Research lowered Glacier Bancorp from a buy rating to a hold rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods set a $36.00 target price on Glacier Bancorp and gave the stock a hold rating in a report on Monday, June 26th. Finally, BidaskClub cut Glacier Bancorp from a hold rating to a sell rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $38.33.

Glacier Bancorp (GBCI) traded up 0.27% during trading on Friday, reaching $37.24. 565,569 shares of the company’s stock were exchanged. Glacier Bancorp has a 52-week low of $27.31 and a 52-week high of $38.18. The stock’s 50-day moving average price is $35.61 and its 200-day moving average price is $34.73. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 21.65 and a beta of 1.49.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Glacier Bancorp had a return on equity of 11.48% and a net margin of 27.69%. The firm had revenue of $120.00 million during the quarter, compared to analyst estimates of $121.07 million. Equities analysts expect that Glacier Bancorp will post $1.78 earnings per share for the current year.

WARNING: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/22/glacier-bancorp-inc-gbci-given-a-38-00-price-target-at-piper-jaffray-companies.html.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 21st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Wednesday, September 20th. Glacier Bancorp’s payout ratio is presently 48.84%.

A number of institutional investors have recently bought and sold shares of GBCI. LS Investment Advisors LLC boosted its holdings in Glacier Bancorp by 4.9% in the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after acquiring an additional 134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Glacier Bancorp by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after acquiring an additional 283 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Glacier Bancorp by 34.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after acquiring an additional 947 shares during the last quarter. Advisor Group Inc. boosted its holdings in Glacier Bancorp by 23.7% in the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after acquiring an additional 744 shares during the last quarter. Finally, Fiduciary Trust Co. bought a new position in Glacier Bancorp in the second quarter valued at about $183,000. Institutional investors and hedge funds own 80.86% of the company’s stock.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 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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