Glacier Bancorp, Inc. (NYSE: GBCI) has a price-to-earnings ratio of 28.29x that is above its average ratio. Additionally, the 36-month beta value for GBCI is 0.79. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for GBCI is 112.85M and currently, short sellers hold a 4.31% ratio of that float. The average trading volume of GBCI on August 23, 2024 was 573.99K shares.
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GBCI) stock’s latest price update
Glacier Bancorp, Inc. (NYSE: GBCI)’s stock price has increased by 5.35 compared to its previous closing price of 44.22. However, the company has seen a 6.60% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-22 that KALISPELL, Mont., July 22, 2024 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) announced that on July 19, 2024, its wholly owned subsidiary, Glacier Bank, completed its acquisition of six Montana branch locations of HTLF Bank (the “Branches”), a wholly owned subsidiary of Heartland Financial USA, Inc. (NASDAQ: HTLF), including the deposits, loans, owned real estate and fixed and other assets associated with the Branches.
GBCI’s Market Performance
Glacier Bancorp, Inc. (GBCI) has experienced a 6.60% rise in stock performance for the past week, with a 2.81% rise in the past month, and a 23.40% rise in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 3.18% for GBCI. The simple moving average for the past 20 days is 8.68% for GBCI’s stock, with a 21.26% simple moving average for the past 200 days.
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 15.33% 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 -0.42% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +0.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.56% upper at present.
During the last 5 trading sessions, GBCI rose by +6.73%, which changed the moving average for the period of 200-days by +45.02% in comparison to the 20-day moving average, which settled at $42.89. In addition, Glacier Bancorp, Inc. saw 12.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GBCI starting from Goodwin Annie M., who sale 5,619 shares at the price of $44.55 back on Jul 31 ’24. After this action, Goodwin Annie M. now owns 9,402 shares of Glacier Bancorp, Inc., valued at $250,326 using the latest closing price.
Goodwin Annie M., the Director of Glacier Bancorp, Inc., proposed sale 5,619 shares at $44.56 during a trade that took place back on Jul 31 ’24, which means that Goodwin Annie M. is holding shares at $250,355 based on the most recent closing price.
Stock Fundamentals for GBCI
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 1.0 for the gross margin
The net margin for Glacier Bancorp, Inc. stands at 0.17. The total capital return value is set at 0.03. Equity return is now at value 6.07, with 0.67 for asset returns.
Based on Glacier Bancorp, Inc. (GBCI), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.33. The interest coverage ratio of the stock is 0.97.
Currently, EBITDA for the company is -39.86 million with net debt to EBITDA at 155.06. When we switch over and look at the enterprise to sales, we see a ratio of 7.88. The receivables turnover for the company is 0.07for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, Glacier Bancorp, Inc. (GBCI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
