As of Friday close, Glacier Bancorp Inc.’s (NYSE:GBCI) stock was up $0.42, moving up 1.37 percent to $31.05. The average number of shares traded per day over the past five days has been 436,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.94 fall in that time frame. In the last twenty days, the average volume was 586,460, while in the previous 50 days, it was 776,692.
Since last month, GBCI stock retreated -11.46%. Shares of the company fell to $30.10 on 08/18/23, the lowest level in the past month. A 52-week high of $59.70 was reached on 01/13/23 after having rallying from a 52-week low of $26.77. Since the beginning of this year, GBCI’s stock price has dropped by -37.17% or -$18.37, and marked a new high 2 times. However, the stock has declined by -47.99% since its 52-week high.
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GBCI stock investors should be aware that Glacier Bancorp Inc. (GBCI) stock had its last reported insider trading activity 100 days ago on May 11. Chery Don J., the EXECUTIVE VICE PRESIDENT/CAO of the company, purchased of 1,000 shares for $27.16 on May 11. It resulted in a $27,160 investment by the insider. Chesler Randall M added 1,223 shares at an average price of $28.68 on May 08. The insider now owns 4,685 shares following the transaction. On May 02, CHAIRMAN OF THE BOARD Langel Craig A bought 3,250 shares at $29.55 apiece. The transaction was valued at $96,038.
Valuation Metrics
Right now, Glacier Bancorp Inc. (GBCI) has a P/E ratio of about 12.51. The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 3.79, the price-to-book (PB) ratio of 1.18, and the price-to-cash flow ratio of 7.86 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.01, and the total debt-to-equity ratio was 1.47. In the year ended June 29, operating margins totaled 81.10%. Based on annual data, GBCI earned $788.38 million in gross profit and brought in $829.64 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.50%. Return on equity (ROE) for the past 12 months was 9.60%.
In Glacier Bancorp Inc.’s quarter-end financial report for June 29, it reported total debt of $132.86 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Glacier Bancorp Inc. to report $0.49 quarterly earnings, the actual figure was $0.5 per share, beating the consensus estimate by 2.00%. The value of shareholders’ equity is $110.88 million.
Technical Picture
This quick technical analysis looks at Glacier Bancorp Inc.’s (GBCI) price momentum. With a historical volatility rate of 23.04%, the RSI 9-day stood at 34.81% on 18 August.
With respect to its five-day moving average, the current Glacier Bancorp Inc. price is down by -5.88% percent or -$1.94. At present, GBCI shares trade -3.72% below its 20-day simple moving average and -27.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.76% below its SMA50 and -45.79% below its SMA200.
Stochastic coefficient K was 10.87% and Stochastic coefficient D was 9.97%, while ATR was 1.08. Given the Stochastic reading of 22.89% for the 14-day period, the RSI (14) reading has been calculated as 40.63%. As of today, the MACD Oscillator reading stands at -1.41, while the 14-day reading stands at -1.82.
Analyst Ratings
Glacier Bancorp Inc. downgraded its rating on Glacier Bancorp Inc. (NYSE: GBCI) to a Hold in a note to investors on July 24, 2023. The analysts firm previously had a Buy rating on the stock.Glacier Bancorp Inc. (GBCI) has been rated Hold by analysts. According to 0 brokerage firms, GBCI is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Glacier Bancorp Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $34.00, the current consensus forecast for the stock is $31.00 – $39.00. Based on these forecasts, analysts predict Glacier Bancorp Inc. (GBCI) will achieve an average price target of $34.14.
