Glacier Bancorp, Inc. (NASDAQ: GBCI) recently received the rating of “Buy” after a consensus from analysts of seven brokerages covering this stock.
Among the seven analysts’ ratings, three have given out a rating of “Hold”, and another three brokerages have rated the company as “Buy”. The revised 52-week target price as set by these brokerages now stand at $37.33.
This is a Glacier Bancorp Bank holding company providing commercial banking services in 123 communities through 193 banking offices in Idaho, Montana, Washington, Utah, Wyoming, Arizona, Colorado and Nevada.
GBCI stocks traded at $46.01 this Friday. The company’ current market capitalization stands at $4.39 billion. It has a positive PE ratio of 18.04 along with a beta of 1.04 at the moment. The 12-monthly high to low ranges from $47.05 to $26.66. The 50SMA (50 Days Simple Moving Average) stands at $43.86 and its 200SMA stands at $37.35. The debt-to-equity of this company is 0.08. The current ratio stands at 0.82 and the quick ratio stands at 0.81.
Glacier Bancorp, Inc. (NASDAQ: GBCI) Stock Analysis
The quarterly earnings report for the previous quarter was released on the 22nd of October. The earnings stood at $0.081 EPS that topped the general consensus of $0.63 proposed by several equities’ analysts. The company’s return on equity stands at 11.31% along with the net margin of 31.94%. The estimated income for the firm was marked at $185.23 million but it made $205.07 million for the quarter. Expert analysts further expect that the company will post its FY2020 earnings of 2.69 per share.
NASDAQ: GBCI has recently been the subject of a lot of reports by research analysts. Some such as Zacks Investment Research, ValuEngine, BidAskClub, TheStreet, Piper Sandler and so on have posted reports on this company over the last few months. Several hedge funds and institutional investors have also been involved in buying and selling of GBCI shares recently.