Zacks Investment Research upgraded shares of Glacier Bancorp (NASDAQ:GBCI) from a hold rating to a buy rating in a report released on Tuesday, January 9th. Zacks Investment Research currently has $43.00 price target on the bank’s stock.
According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “
Several other analysts have also recently issued reports on GBCI. Keefe, Bruyette & Woods reissued a hold rating and set a $36.00 price target on shares of Glacier Bancorp in a research report on Friday, September 29th. Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the stock a hold rating in a research report on Saturday, October 21st. SunTrust Banks set a $41.00 target price on shares of Glacier Bancorp and gave the stock a buy rating in a research report on Saturday, October 21st. Finally, BidaskClub upgraded shares of Glacier Bancorp from a hold rating to a buy rating in a research report on Saturday, December 2nd. 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 stock. The company has an average rating of Hold and an average price target of $41.25.
Shares of Glacier Bancorp (NASDAQ:GBCI) opened at $39.89 on Tuesday. The firm has a market cap of $3,072.69, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45. Glacier Bancorp has a 12-month low of $31.38 and a 12-month high of $41.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $120.00 million for the quarter, compared to the consensus estimate of $121.07 million. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. equities analysts expect that Glacier Bancorp will post 1.77 earnings per share for the current year.
In other news, insider Don J. Chery sold 12,000 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 30,270 shares of the company’s stock, valued at $1,159,038.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Blodnick sold 45,060 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total value of $1,706,872.80. Following the sale, the director now directly owns 27,576 shares of the company’s stock, valued at $1,044,578.88. The disclosure for this sale can be found here. Insiders sold a total of 82,398 shares of company stock valued at $3,138,825 in the last 90 days. 0.65% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Glacier Bancorp by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock worth $116,000 after purchasing an additional 283 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Glacier Bancorp by 34.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock worth $135,000 after purchasing an additional 947 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Glacier Bancorp by 23.7% during the 2nd quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock worth $142,000 after purchasing an additional 744 shares in the last quarter. Fiduciary Trust Co. acquired a new position in shares of Glacier Bancorp during the 2nd quarter valued at about $183,000. Finally, GWM Advisors LLC acquired a new position in shares of Glacier Bancorp during the 2nd quarter valued at about $199,000. 81.57% of the stock is owned by hedge funds and other institutional investors.
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About Glacier Bancorp
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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