Glacier Bancorp Inc. (NASDAQ:GBCI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.00 and last traded at $29.98, with a volume of 170,670 shares trading hands. The stock had previously closed at $29.60.

GBCI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. FIG Partners downgraded shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.60.

The company’s 50 day moving average is $28.22 and its 200-day moving average is $26.34. The firm has a market cap of $2.28 billion and a price-to-earnings ratio of 19.23.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. On average, analysts predict that Glacier Bancorp Inc. will post $1.62 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Glacier Bancorp stock. Principal Financial Group Inc. increased its stake in Glacier Bancorp Inc. (NASDAQ:GBCI) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 511,116 shares of the company’s stock after buying an additional 21,367 shares during the period. Principal Financial Group Inc. owned about 0.67% of Glacier Bancorp worth $13,560,000 as of its most recent filing with the SEC.

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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