Glacier Bancorp Inc. (GBCI) Sets New 12-Month High at $30.00
Glacier Bancorp Inc. (NASDAQ:GBCI)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $30.00 and last traded at $29.98, with a volume of 170,670 shares changing hands. The stock had previously closed at $29.60.
Several brokerages recently weighed in on GBCI. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. FIG Partners cut Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.60.
The firm has a market capitalization of $2.27 billion and a price-to-earnings ratio of 19.14. The firm has a 50 day moving average of $28.07 and a 200-day moving average of $26.27.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, July 21st. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. On average, equities analysts forecast that Glacier Bancorp Inc. will post $1.62 earnings per share for the current year.
An institutional investor recently raised its position in Glacier Bancorp stock. Jennison Associates LLC raised its stake in shares of Glacier Bancorp Inc. (NASDAQ:GBCI) by 335.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,784 shares of the company’s stock after buying an additional 56,824 shares during the period. Jennison Associates LLC owned about 0.10% of Glacier Bancorp worth $1,957,000 at the end of the most recent reporting period.
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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