Glacier Bancorp, Inc. (GBCI) Has Recovered 31.9% From Its Low: Is This The Beginning Of A Trend?

Glacier Bancorp, Inc. (NYSE:GBCI) price on Friday, July 12, fall -1.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $39.40.

A look at the stock’s price movement, the close in the last trading session was $39.81. The PE ratio in trailing twelve months stood at 22.54. Turning to its 52-week performance, $44.06 and $26.83 were the 52-week high and 52-week low respectively. Overall, GBCI moved 12.25% over the past month.

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Glacier Bancorp, Inc.’s market cap currently stands at around $4.47 billion. The company has a Forward Dividend ratio of 1.32, with its dividend yield at 3.35%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Turning to the stock’s technical picture we see that short term indicators suggest on average that GBCI is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

The technical evaluation for the stock shows the PEG ratio is 2.25, with GBCI’s current price about 7.99% and 6.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.82, while 7-day volatility ratio is 3.33% and 2.56% in the 30-day chart. Further, Glacier Bancorp, Inc. (GBCI) has a beta value of 0.80, and an average true range (ATR) of 1.04.

If we refocus on Glacier Bancorp, Inc. (NYSE:GBCI), historical trading data shows that trading volumes averaged 526.91K over the past 3 months. The company’s latest data on shares outstanding shows there are 113.39 million shares.

The 0.48% of Glacier Bancorp, Inc.’s shares are in the hands of company insiders while institutional holders own 78.33% of the company’s shares. Current price change has pushed the stock -4.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GBCI stock continues to rise going into the next quarter.

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