Glacier Bancorp (NASDAQ:GBCI)‘s stock had its “hold” rating restated by research analysts at Stephens in a report issued on Wednesday, AnalystRatings.com reports. They presently have a $40.00 target price on the bank’s stock. Stephens’ price objective would indicate a potential upside of 1.94% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. SunTrust Banks cut their target price on Glacier Bancorp from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. BidaskClub upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Glacier Bancorp has an average rating of “Hold” and an average target price of $41.67.

Shares of NASDAQ:GBCI traded down $0.11 during trading on Wednesday, hitting $39.24. 1,812 shares of the company’s stock traded hands, compared to its average volume of 300,160. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 18.12 and a beta of 1.17. The company has a 50-day moving average price of $40.05 and a 200-day moving average price of $40.44. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Glacier Bancorp has a 52 week low of $36.84 and a 52 week high of $47.67.

Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, July 18th. The bank reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $151.13 million for the quarter, compared to analysts’ expectations of $151.63 million. Glacier Bancorp had a return on equity of 13.02% and a net margin of 31.97%. On average, analysts predict that Glacier Bancorp will post 2.4 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Benjamin Edwards Inc. increased its position in shares of Glacier Bancorp by 27.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,602 shares of the bank’s stock worth $106,000 after purchasing an additional 565 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Glacier Bancorp during the 2nd quarter worth approximately $120,000. Atria Investments LLC acquired a new position in shares of Glacier Bancorp during the 2nd quarter worth approximately $789,000. TRUE Private Wealth Advisors acquired a new position in shares of Glacier Bancorp during the 2nd quarter worth approximately $202,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of Glacier Bancorp during the 1st quarter worth approximately $232,000. 77.03% of the stock is currently owned by hedge funds and other 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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