Glacier Bancorp Inc. (GBCI) Stock Rating Lowered by Zacks Investment Research
According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “
Separately, FIG Partners cut shares of Glacier Bancorp from an outperform rating to a market perform rating in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $27.60.
Shares of Glacier Bancorp (NASDAQ:GBCI) opened at 28.74 on Thursday. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 18.46 and a beta of 1.56. The company has a 50-day moving average of $28.70 and a 200-day moving average of $26.82. Glacier Bancorp has a 52-week low of $21.90 and a 52-week high of $30.12.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, July 21st. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Glacier Bancorp had a return on equity of 10.82% and a net margin of 27.17%. Equities research analysts anticipate that Glacier Bancorp will post $1.62 EPS for the current year.
A number of institutional investors have recently bought and sold shares of GBCI. Mason Street Advisors LLC acquired a new position in Glacier Bancorp during the second quarter worth $396,000. Front Street Capital Management Inc. purchased a new position in Glacier Bancorp during the second quarter valued at $238,000. Public Employees Retirement System of Ohio raised its position in Glacier Bancorp by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 55,784 shares of the company’s stock valued at $1,483,000 after buying an additional 166 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Glacier Bancorp by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 297,536 shares of the company’s stock valued at $7,909,000 after buying an additional 7,763 shares during the last quarter. Finally, Madison Investment Holdings Inc. raised its position in Glacier Bancorp by 2.1% in the second quarter. Madison Investment Holdings Inc. now owns 788,410 shares of the company’s stock valued at $20,956,000 after buying an additional 16,181 shares during the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.
About Glacier Bancorp
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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