Glacier Bancorp, Inc. (NASDAQ:GBCI) Poised For Modest Near-Term Strength Amid Overvaluation Concerns

Glacier Bancorp shows short-term bullish technical momentum while fundamentals highlight high multiples and conservative returns, leaving valuation stretched. Near-term price action likely reflects momentum continuation with intermittent pullback risk.

Recent News

On June 23, 2026 the Board declared a quarterly cash dividend of $0.33 per share, continuing the company’s long dividend run.

Technical Analysis

Directional Indicators (ADX / DI+ / DI-): ADX at 24.73 signals an emerging directional move; DI+ at 30.25 is increasing while DI- at 15.50 is decreasing, which produces a bullish directional profile supporting further upside relative to the current valuation.

MACD: MACD sits at 1.02 with the MACD line above the signal (0.64) and the MACD trend increasing, which constitutes a bullish momentum cross and favors continuation of recent gains.

MRO (Momentum/Regression Oscillator): MRO at 18.86 with a peak-and-reversal reading indicates the price sits above the model target and raises the risk of a near-term contraction toward fair-value levels, providing a counterweight to the bullish directional signals.

RSI and Price Positioning: RSI at 57.11 and rising keeps the stock inside normal momentum range (not overbought), while the close at $52.75 sits above the 20-day average ($50.15) and the 200-day average ($46.26). Price trades near the upper Bollinger band region, implying momentum strength but limited near-term upside runway without a consolidation.

Support / Resistance Context: The super trend lower near $49.54 and the 20-day average serve as technical support; short-term resistance clusters near the recent intraday highs and the upper band region just above current price.

 


Fundamental Analysis

Earnings And Cashflow: Reported EPS of $0.70 exceeded the estimate of $0.67, a positive EPS surprise of 4.48%. Net income of $82,144,000 on total revenue of $299,591,000 produces a net margin near 27.4%. Operating cashflow and free cash flow remain positive, with free cash flow of $74,350,000 and a free cash flow yield of 1.22%.

Profitability And Returns: Return on assets equals 0.26% and return on equity equals 1.93%, both modest levels relative to bank profitability norms. Earnings growth shows QoQ deterioration (earnings growth QoQ -341.57%) and YoY decline (earnings growth YoY -345.46%), while reported revenue growth YoY registers a strong 159.75% and revenue growth QoQ shows 122.57%—likely driven by period-specific items rather than steady operating leverage.

Capital Structure And Liquidity: Total assets stand at $31.73B with cash near $1.385B and total equity of $4.248B. Debt metrics remain conservative: debt-to-assets at 1.02% and debt-to-equity at 7.59%, both well below the industry peer mean for debt-to-equity, supporting balance-sheet resilience.

Valuation Multiples: Trailing P/E equals 66.68 and forward P/E equals 50.49; both sit above the industry peer mean for P/E (mean ~47.16). Price-to-book equals 1.43, which sits above the industry peer mean of 1.25. Free cash flow yield at 1.22% comes in below the industry peer mean of 1.78%. Taken together, multiples present an elevated valuation profile despite solid cash generation.

Dividend Profile: Dividend payout ratio equals 0.41% with the Board maintaining a $0.33 quarterly cash dividend; the payout level remains covered by earnings and cash flow metrics.

Valuation Conclusion: WMDST values the stock as over-valued due to high P/E and forward P/E relative to industry peer means, moderate cash-flow yield, and low returns on equity — factors that limit fundamental upside while momentum supports near-term price strength.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2026-03-31
REPORT DATE: 2026-04-23
NEXT REPORT DATE: 2026-07-23
CASH FLOW  Begin Period Cash Flow $ 1.2 B
 Operating Cash Flow $ 87.9 M
 Capital Expenditures $ -13.53 M
 Change In Working Capital $ -20.40 M
 Dividends Paid $ -337.00 K
 Cash Flow Delta $ 150.0 M
 End Period Cash Flow $ 1.4 B
 
INCOME STATEMENT REVENUE
 Total Revenue $ 299.6 M
 Forward Revenue $ 108.3 M
COSTS
 Cost Of Revenue —
 Depreciation $ 9.1 M
 Depreciation and Amortization $ 13.9 M
 Research and Development —
 Total Operating Expenses —
PROFITABILITY
 Gross Profit —
 EBITDA —
 EBIT —
 Operating Income —
 Interest Income $ 362.3 M
 Interest Expense $ 93.7 M
 Net Interest Income $ 268.7 M
 Income Before Tax $ 100.2 M
 Tax Provision $ 18.0 M
 Tax Rate 17.992 %
 Net Income $ 82.1 M
 Net Income From Continuing Operations $ 82.1 M
EARNINGS
 EPS Estimate $ 0.67
 EPS Actual $ 0.70
 EPS Difference $ 0.03
 EPS Surprise 4.478 %
 Forward EPS $ 0.91
 
BALANCE SHEET ASSETS
 Total Assets $ 31.7 B
 Intangible Assets $ 1.5 B
 Net Tangible Assets $ 2.8 B
 Total Current Assets —
 Cash and Short-Term Investments —
 Cash $ 1.4 B
 Net Receivables $ 122.8 M
 Inventory —
 Long-Term Investments —
LIABILITIES
 Accounts Payable $ 30.5 M
 Short-Term Debt —
 Total Current Liabilities —
 Net Debt —
 Total Debt $ 322.3 M
 Total Liabilities $ 27.5 B
EQUITY
 Total Equity $ 4.2 B
 Retained Earnings $ 1.2 B
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share $ 32.65
 Shares Outstanding 130.124 M
 Revenue Per-Share $ 2.30
VALUATION
 Market Capitalization $ 6.1 B
 Enterprise Value $ 6.4 B
 Enterprise Multiple —
Enterprise Multiple QoQ —
Enterprise Multiple YoY —
Enterprise Multiple IPRWA —
 EV/R 21.349
CAPITAL STRUCTURE
 Asset To Equity 7.469
 Asset To Liability 1.155
 Debt To Capital 0.071
 Debt To Assets 0.01
Debt To Assets QoQ -57.293 %
Debt To Assets YoY -84.053 %
Debt To Assets IPRWA high: 0.145
median: 0.065
mean: 0.058
GBCI: 0.01
low: -0.0
 Debt To Equity 0.076
Debt To Equity QoQ -57.98 %
Debt To Equity YoY -85.95 %
Debt To Equity IPRWA high: 1.682
median: 0.612
mean: 0.549
GBCI: 0.076
low: -0.315
PRICE-BASED VALUATION
 Price To Book (P/B) 1.43
Price To Book QoQ 2.654 %
Price To Book YoY -6.654 %
Price To Book IPRWA high: 1.989
GBCI: 1.43
mean: 1.248
median: 1.216
low: 0.287
 Price To Earnings (P/E) 66.681
Price To Earnings QoQ -18.775 %
Price To Earnings YoY -27.839 %
Price To Earnings IPRWA high: 76.809
GBCI: 66.681
mean: 47.159
median: 44.929
low: 28.296
 PE/G Ratio 2.445
 Price To Sales (P/S) 20.274
Price To Sales QoQ 3.398 %
Price To Sales YoY -12.674 %
Price To Sales IPRWA high: 26.503
GBCI: 20.274
mean: 14.192
median: 13.162
low: 0.11
FORWARD MULTIPLES
Forward P/E 50.492
Forward PE/G 1.851
Forward P/S 56.153
EFFICIENCY OPERATIONAL
 Operating Leverage —
ASSET & SALES
 Asset Turnover Ratio 0.009
Asset Turnover Ratio QoQ -4.179 %
Asset Turnover Ratio YoY 20.823 %
Asset Turnover Ratio IPRWA high: 0.016
mean: 0.01
median: 0.01
GBCI: 0.009
low: 0.005
 Receivables Turnover 2.467
Receivables Turnover Ratio QoQ -0.949 %
Receivables Turnover Ratio YoY 15.596 %
Receivables Turnover Ratio IPRWA high: 4.518
mean: 2.613
median: 2.475
GBCI: 2.467
low: 0.805
 Inventory Turnover —
Inventory Turnover Ratio QoQ —
Inventory Turnover Ratio YoY —
Inventory Turnover Ratio IPRWA —
 Days Sales Outstanding (DSO) 36.989
CASH CYCLE
 Cash Conversion Cycle Days (CCC) —
Cash Conversion Cycle Days QoQ —
Cash Conversion Cycle Days YoY —
Cash Conversion Cycle Days IPRWA —
CAPITAL DEPLOYMENT
 Cash Conversion Ratio —
 CapEx To Revenue -0.045
 CapEx To Depreciation -1.49
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital $ 4.5 B
 Net Invested Capital $ 4.5 B
 Invested Capital $ 4.5 B
 Net Tangible Assets $ 2.8 B
 Net Working Capital —
LIQUIDITY
 Cash Ratio —
 Current Ratio —
Current Ratio QoQ —
Current Ratio YoY —
Current Ratio IPRWA —
 Quick Ratio —
Quick Ratio QoQ —
Quick Ratio YoY —
Quick Ratio IPRWA —
COVERAGE & LEVERAGE
 Debt To EBITDA —
 Cost Of Debt 9.23 %
 Interest Coverage Ratio —
Interest Coverage Ratio QoQ —
Interest Coverage Ratio YoY —
Interest Coverage Ratio IPRWA —
 Operating Cash Flow Ratio —
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO) —
DIVIDENDS
 Dividend Coverage Ratio 243.751
 Dividend Payout Ratio 0.004
 Dividend Rate $ 0.00
 Dividend Yield 0.0
PERFORMANCE GROWTH
 Asset Growth Rate -0.763 %
 Revenue Growth 18.004 %
Revenue Growth QoQ 122.574 %
Revenue Growth YoY 15975.0 %
Revenue Growth IPRWA high: 29.228 %
GBCI: 18.004 %
mean: 5.07 %
median: 1.084 %
low: -23.976 %
 Earnings Growth 27.273 %
Earnings Growth QoQ -341.568 %
Earnings Growth YoY -345.459 %
Earnings Growth IPRWA high: 41.86 %
GBCI: 27.273 %
mean: -2.734 %
median: -3.008 %
low: -43.519 %
MARGINS
 Gross Margin —
Gross Margin QoQ —
Gross Margin YoY —
Gross Margin IPRWA —
 EBIT Margin —
EBIT Margin QoQ —
EBIT Margin YoY —
EBIT Margin IPRWA —
 Return On Sales (ROS) —
Return On Sales QoQ —
Return On Sales YoY —
Return On Sales IPRWA —
CASH FLOW
 Free Cash Flow (FCF) $ 74.3 M
 Free Cash Flow Yield 1.224 %
Free Cash Flow Yield QoQ -38.338 %
Free Cash Flow Yield YoY 31.755 %
Free Cash Flow Yield IPRWA high: 9.54 %
mean: 1.782 %
median: 1.744 %
GBCI: 1.224 %
low: -3.189 %
 Free Cash Growth -36.167 %
Free Cash Growth QoQ -423.874 %
Free Cash Growth YoY -14.471 %
Free Cash Growth IPRWA high: 299.762 %
GBCI: -36.167 %
median: -50.617 %
mean: -59.432 %
low: -368.012 %
 Free Cash To Net Income 0.905
 Cash Flow Margin 30.391 %
 Cash Flow To Earnings 1.108
VALUE & RETURNS
 Economic Value Added $ 0.04
 Return On Assets (ROA) 0.258 %
Return On Assets QoQ 23.445 %
Return On Assets YoY 31.633 %
Return On Assets IPRWA high: 0.612 %
GBCI: 0.258 %
median: 0.255 %
mean: 0.253 %
low: 0.065 %
 Return On Capital Employed (ROCE) —
 Return On Equity (ROE) 0.019
Return On Equity QoQ 27.675 %
Return On Equity YoY 16.446 %
Return On Equity IPRWA high: 0.043
median: 0.023
mean: 0.022
GBCI: 0.019
low: 0.001
 DuPont ROE 1.94 %
 Return On Invested Capital (ROIC) —
Return On Invested Capital QoQ —
Return On Invested Capital YoY —
Return On Invested Capital IPRWA —

Six-Week Outlook

Expect a modest bullish bias driven by rising DI+, an MACD bullish cross, and price above key moving averages, but monitor the MRO peak-and-reversal signal for potential pullbacks toward support near the super trend lower and short-term moving averages. Momentum continuation would validate further upside, while a renewed MRO decline or a MACD peak-and-reverse would shift the outlook toward consolidation. Volume averages and dividend announcements may act as episodic catalysts; rate-sensitive items and reported forward guidance constitute the primary risk drivers over the next six weeks.

About Glacier Bancorp, Inc.

Glacier Bancorp, Inc. (NASDAQ:GBCI) serves as a prominent financial institution based in Kalispell, Montana, with roots tracing back to 1955. As a bank holding company, Glacier Bancorp manages operations through its subsidiary, Glacier Bank, delivering an extensive array of commercial banking services. The company caters to individuals, small to medium-sized businesses, community organizations, and public entities across the United States. Glacier Bancorp provides a comprehensive suite of retail and business banking solutions, including mortgage origination and loan servicing. Its deposit product offerings encompass non-interest and interest-bearing accounts, such as savings accounts, money market deposits, and certificates of deposit. In the lending domain, the company offers construction and permanent residential real estate loans, consumer land loans, and commercial real estate loans. Beyond traditional banking services, Glacier Bancorp extends consumer loans, home equity loans, and agricultural financing, ensuring a broad spectrum of financial solutions for its clients. Committed to fostering community growth and financial stability, Glacier Bancorp positions itself as a dependable partner, driven by a legacy of trust and innovation in the banking sector.



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