Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $42.50.

Several equities research analysts recently issued reports on GBCI shares. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. ValuEngine raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. Stephens started coverage on shares of Glacier Bancorp in a research note on Monday, January 14th. They set an “equal weight” rating and a $42.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, December 31st.

Shares of GBCI traded up $0.50 during mid-day trading on Thursday, reaching $39.51. The company had a trading volume of 446,985 shares, compared to its average volume of 309,849. The firm has a market cap of $3.30 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. Glacier Bancorp has a fifty-two week low of $35.77 and a fifty-two week high of $47.67. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.39.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, January 24th. The bank reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Glacier Bancorp had a net margin of 30.94% and a return on equity of 12.33%. The business had revenue of $144.37 million for the quarter, compared to analyst estimates of $148.02 million. As a group, equities research analysts anticipate that Glacier Bancorp will post 2.45 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Glacier Bancorp by 24.6% in the 3rd quarter. LPL Financial LLC now owns 17,608 shares of the bank’s stock worth $759,000 after purchasing an additional 3,477 shares during the last quarter. Rhumbline Advisers increased its position in shares of Glacier Bancorp by 3.4% in the 3rd quarter. Rhumbline Advisers now owns 217,866 shares of the bank’s stock worth $9,388,000 after purchasing an additional 7,198 shares during the last quarter. Carillon Tower Advisers Inc. increased its position in shares of Glacier Bancorp by 78.7% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,244,173 shares of the bank’s stock worth $53,611,000 after purchasing an additional 547,961 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Glacier Bancorp by 2.8% in the 4th quarter. State of Alaska Department of Revenue now owns 28,290 shares of the bank’s stock worth $1,120,000 after purchasing an additional 763 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Glacier Bancorp by 143.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,824,042 shares of the bank’s stock worth $78,597,000 after purchasing an additional 1,075,862 shares during the last quarter. 79.69% of the stock is owned by institutional investors.

About Glacier Bancorp

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 non-interest bearing deposit and interest bearing deposit accounts, such as 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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