Somewhat Positive Media Coverage Somewhat Unlikely to Affect Glacier Bancorp (GBCI) Share Price
Media headlines about Glacier Bancorp (NASDAQ:GBCI) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Glacier Bancorp earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.9265779735146 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have commented on GBCI shares. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. SunTrust Banks reiterated a “buy” rating and set a $42.00 price objective on shares of Glacier Bancorp in a research note on Wednesday, November 29th. BidaskClub upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a research note on Friday, December 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.25.
Glacier Bancorp (NASDAQ:GBCI) opened at $40.39 on Monday. The firm has a market capitalization of $3,150.70, a P/E ratio of 26.93, a PEG ratio of 1.80 and a beta of 1.38. Glacier Bancorp has a twelve month low of $31.38 and a twelve month high of $41.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.
In other news, Director Michael J. Blodnick sold 25,338 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $38.38, for a total transaction of $972,472.44. Following the transaction, the director now directly owns 25,497 shares in the company, valued at approximately $978,574.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.29, for a total value of $459,480.00. Following the transaction, the insider now owns 30,270 shares in the company, valued at $1,159,038.30. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
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Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 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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