Glacier Bancorp (GBCI) Receiving Somewhat Favorable Media Coverage, Report Finds
Media stories about Glacier Bancorp (NASDAQ:GBCI) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Glacier Bancorp earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 48.0464967752015 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Glacier Bancorp, Inc. (GBCI) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Glacier Bancorp, Inc. (GBCI) Director Michael J. Blodnick Sells 45,060 Shares (americanbankingnews.com)
- Q4 2018 EPS Estimates for Glacier Bancorp, Inc. (GBCI) Reduced by Analyst (americanbankingnews.com)
- Glacier Bancorp Sees RS Rating Rise To 72 (finance.yahoo.com)
- Glacier Bancorp Sees IBD RS Rating Rise To 74 (finance.yahoo.com)
A number of equities analysts recently commented on GBCI shares. Piper Jaffray Companies restated a “hold” rating and set a $37.00 target price on shares of Glacier Bancorp in a report on Wednesday, July 12th. BidaskClub cut Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research cut Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 target price on shares of Glacier Bancorp in a report on Thursday, July 27th. Finally, SunTrust Banks, Inc. set a $41.00 target price on Glacier Bancorp and gave the company a “buy” rating in a report on Saturday, October 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.33.
Glacier Bancorp (GBCI) opened at $37.95 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $3.00 billion, a P/E ratio of 22.33, a PEG ratio of 2.16 and a beta of 1.45.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. The firm had revenue of $120.00 million for the quarter, compared to the consensus estimate of $121.07 million. analysts forecast that Glacier Bancorp will post 1.78 EPS for the current year.
In related news, Director Michael J. Blodnick sold 45,060 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total transaction of $1,706,872.80. Following the sale, the director now directly owns 27,576 shares of the company’s stock, valued at approximately $1,044,578.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It 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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