Glacier Bancorp (GBCI) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Glacier Bancorp (NASDAQ:GBCI) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts also recently commented on GBCI. Piper Jaffray Companies set a $38.00 price objective on Glacier Bancorp and gave the company a hold rating in a report on Saturday, October 21st. SunTrust Banks set a $41.00 price objective on Glacier Bancorp and gave the company a buy rating in a report on Saturday, October 21st. Zacks Investment Research downgraded Glacier Bancorp from a hold rating to a sell rating in a report on Monday, October 23rd. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $41.00 price objective on shares of Glacier Bancorp in a report on Friday, December 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $41.25.

Shares of Glacier Bancorp (GBCI) opened at $38.03 on Friday. The company has a market capitalization of $2,970.00, a PE ratio of 25.35, a P/E/G ratio of 1.78 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Glacier Bancorp has a fifty-two week low of $31.38 and a fifty-two week high of $41.23.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $117.54 million during the quarter, compared to the consensus estimate of $122.23 million. Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. equities analysts expect that Glacier Bancorp will post 2.25 EPS for the current fiscal year.

In other Glacier Bancorp news, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction dated 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 directly owns 30,270 shares of the company’s stock, valued at $1,159,038.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Blodnick sold 25,338 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $38.38, for a total value of $972,472.44. Following the completion of the transaction, the director now directly owns 25,497 shares of the company’s stock, valued at $978,574.86. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Glacier Bancorp by 2.5% in the second quarter. Vanguard Group Inc. now owns 7,233,836 shares of the bank’s stock valued at $264,832,000 after acquiring an additional 178,063 shares during the period. Dimensional Fund Advisors LP grew its stake in Glacier Bancorp by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,270,992 shares of the bank’s stock valued at $85,752,000 after acquiring an additional 8,556 shares during the period. Wasatch Advisors Inc. grew its stake in Glacier Bancorp by 2.4% in the second quarter. Wasatch Advisors Inc. now owns 1,822,570 shares of the bank’s stock valued at $66,724,000 after acquiring an additional 42,317 shares during the period. Neuberger Berman Group LLC grew its stake in Glacier Bancorp by 3.5% in the third quarter. Neuberger Berman Group LLC now owns 1,683,218 shares of the bank’s stock valued at $63,558,000 after acquiring an additional 57,397 shares during the period. Finally, King Luther Capital Management Corp grew its stake in Glacier Bancorp by 1.7% in the third quarter. King Luther Capital Management Corp now owns 1,510,922 shares of the bank’s stock valued at $57,052,000 after acquiring an additional 24,735 shares during the period. 81.56% of the stock is owned by hedge funds and other institutional investors.

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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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