The stock of Glacier Bancorp, Inc. (NYSE: GBCI) has increased by 1.27 when compared to last closing price of 47.13.Despite this, the company has seen a loss of -2.87% in its stock price over the last five trading days. zacks.com reported 2024-10-24 that While the top- and bottom-line numbers for Glacier Bancorp (GBCI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Glacier Bancorp, Inc. (NYSE: GBCI) Right Now?
Glacier Bancorp, Inc. (NYSE: GBCI) has a price-to-earnings ratio that is above its average at 28.98x. The stock has a 36-month beta value of 0.79. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for GBCI is 112.85M, and at present, short sellers hold a 4.41% of that float. On October 25, 2024, the average trading volume of GBCI was 584.84K shares.
GBCI’s Market Performance
GBCI stock saw an increase of -2.87% in the past week, with a monthly gain of 7.86% and a quarterly increase of 3.24%. The volatility ratio for the week is 2.90%, and the volatility levels for the last 30 days are 2.51% for Glacier Bancorp, Inc. (GBCI).. The simple moving average for the past 20 days is 3.11% for GBCI’s stock, with a 18.43% 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 5.01% 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 -3.38% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +5.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.59% upper at present.
During the last 5 trading sessions, GBCI fell by -2.87%, which changed the moving average for the period of 200-days by +19.56% in comparison to the 20-day moving average, which settled at $46.29. In addition, Glacier Bancorp, Inc. saw 15.51% 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 0.74.
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 7.95. The receivables turnover for the company is 10.88for 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
To sum up, Glacier Bancorp, Inc. (GBCI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
