GBCI Stock Summary and Trading Ideas (Glacier Bancorp | NYSE:GBCI)

Glacier Bancorp Inc is a regional bank holding company providing commercial banking services to scores of communities through its wholly-owned bank subsidiary, Glacier Bank. The bank operates a multitude of banking offices in Montana, Idaho, Colorado, Utah, Washington, and Wyoming. The bank's wide range of products and services include deposit, loans, and mortgage origination services, among others. The bank primarily serves individuals, small- to medium-sized businesses, community organizations, and public entities. Glacier's strategy emphasizes both internal growth and growth through selective acquisitions. A majority of the bank's loan portfolio is in commercial real estate, while a majority of its net revenue is net interest income.

Glacier Bancorp trades on the NYSE stock market under the symbol GBCI.

As of April 24, 2024, GBCI stock price declined to $37.94 with 530,608 million shares trading.

GBCI has a beta of 1.47, meaning it tends to be more sensitive to market movements. GBCI has a correlation of 0.17 to the broad based SPY ETF.

GBCI has a market cap of $4.30 billion. This is considered a Mid Cap stock.

Last quarter Glacier Bancorp reported $166 million in Revenue and $.29 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.04.

In the last 3 years, GBCI stock traded as high as $63.05 and as low as $26.77.

The top ETF exchange traded funds that GBCI belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

GBCI has underperformed the market in the last year with a price return of +10.7% while the SPY ETF gained +24.2%. GBCI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.7% and -4.3%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

GBCI support price is $37.47 and resistance is $39.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GBCI stock will trade within this expected range on the day.