In the past week, GBCI stock has gone up by 6.55%, with a monthly decline of -1.84% and a quarterly plunge of -3.33%. The volatility ratio for the week is 4.22%, and the volatility levels for the last 30 days are 3.12% for Glacier Bancorp, Inc. The simple moving average for the last 20 days is -0.38% for GBCI stock, with a simple moving average of 7.25% for the last 200 days.
Is It Worth Investing in Glacier Bancorp, Inc. (NYSE: GBCI) Right Now?
Glacier Bancorp, Inc. (NYSE: GBCI) has a higher price-to-earnings ratio of 21.39x compared to its average ratio, The 36-month beta value for GBCI is at 0.79. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for GBCI is 112.76M, and currently, shorts hold a 4.00% of that float. The average trading volume for GBCI on April 26, 2024 was 790.09K shares.
GBCI) stock’s latest price update
Glacier Bancorp, Inc. (NYSE: GBCI)’s stock price has decreased by -1.42 compared to its previous closing price of 37.94. However, the company has seen a 6.55% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Although the revenue and EPS for Glacier Bancorp (GBCI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Analysts’ Opinion of GBCI
Many brokerage firms have already submitted their reports for GBCI stocks, with Truist repeating the rating for GBCI by listing it as a “Hold.” The predicted price for GBCI in the upcoming period, according to Truist is $34 based on the research report published on July 24, 2023 of the previous year 2023.
Raymond James, on the other hand, stated in their research note that they expect to see GBCI reach a price target of $51. The rating they have provided for GBCI stocks is “Outperform” according to the report published on February 21st, 2023.
Truist gave a rating of “Buy” to GBCI, setting the target price at $60 in the report published on June 21st of the previous year.
GBCI Trading at -0.99% from the 50-Day Moving Average
After a stumble in the market that brought GBCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.12% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 4.22%, as shares sank -6.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.95% upper at present.
During the last 5 trading sessions, GBCI rose by +6.55%, which changed the moving average for the period of 200-days by +23.76% in comparison to the 20-day moving average, which settled at $37.42. In addition, Glacier Bancorp, Inc. saw -9.49% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GBCI starting from Chery Don J., who purchase 1,000 shares at the price of $27.16 back on May 11 ’23. After this action, Chery Don J. now owns 49,741 shares of Glacier Bancorp, Inc., valued at $27,160 using the latest closing price.
Chesler Randall M, the PRESIDENT/CEO of Glacier Bancorp, Inc., purchase 1,223 shares at $28.68 during a trade that took place back on May 08 ’23, which means that Chesler Randall M is holding 4,685 shares at $35,076 based on the most recent closing price.
Stock Fundamentals for GBCI
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 1.0 for the gross margin
The net margin for Glacier Bancorp, Inc. stands at 0.19. The total capital return value is set at 0.02. Equity return is now at value 6.44, with 0.70 for asset returns.
Based on Glacier Bancorp, Inc. (GBCI), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.25. The interest coverage ratio of the stock is 1.1.
Currently, EBITDA for the company is -39.86 million with net debt to EBITDA at 30.33. When we switch over and look at the enterprise to sales, we see a ratio of 7.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
In conclusion, Glacier Bancorp, Inc. (GBCI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
