BidaskClub lowered shares of Glacier Bancorp (NASDAQ:GBCI) from a buy rating to a hold rating in a research report released on Friday morning.

GBCI has been the subject of a number of other research reports. Zacks Investment Research cut shares of Glacier Bancorp from a buy rating to a hold rating in a research report on Tuesday, August 21st. Piper Jaffray Companies reissued a hold rating and issued a $44.00 target price on shares of Glacier Bancorp in a research report on Monday, July 23rd. Sandler O’Neill reissued a hold rating and issued a $44.00 target price on shares of Glacier Bancorp in a research report on Friday, July 20th. Finally, ValuEngine raised shares of Glacier Bancorp from a hold rating to a buy rating in a research report on Friday, July 20th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $43.33.

GBCI stock opened at $45.52 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.84. Glacier Bancorp has a one year low of $33.00 and a one year high of $46.28. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.07 and a beta of 1.43.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, July 19th. The bank reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Glacier Bancorp had a return on equity of 11.56% and a net margin of 25.31%. The company had revenue of $140.38 million for the quarter, compared to the consensus estimate of $135.74 million. During the same period last year, the firm earned $0.43 earnings per share. sell-side analysts anticipate that Glacier Bancorp will post 2.2 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Glacier Bancorp by 32.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,894 shares of the bank’s stock valued at $190,000 after acquiring an additional 1,200 shares during the period. First Midwest Bank Trust Division raised its stake in Glacier Bancorp by 12.5% in the second quarter. First Midwest Bank Trust Division now owns 11,100 shares of the bank’s stock valued at $429,000 after purchasing an additional 1,231 shares in the last quarter. Suntrust Banks Inc. raised its stake in Glacier Bancorp by 2.8% in the first quarter. Suntrust Banks Inc. now owns 49,681 shares of the bank’s stock valued at $1,906,000 after purchasing an additional 1,357 shares in the last quarter. Amalgamated Bank raised its stake in Glacier Bancorp by 12.7% in the second quarter. Amalgamated Bank now owns 12,588 shares of the bank’s stock valued at $487,000 after purchasing an additional 1,423 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Glacier Bancorp by 0.6% in the first quarter. Wells Fargo & Company MN now owns 254,497 shares of the bank’s stock valued at $9,768,000 after purchasing an additional 1,474 shares in the last quarter. 82.21% of the stock is owned by institutional investors.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

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Analyst Recommendations for Glacier Bancorp (NASDAQ:GBCI)

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