Media coverage about Glacier Bancorp (NASDAQ:GBCI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty 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 media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.9759197951866 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Glacier Bancorp (NASDAQ:GBCI) traded up $1.00 during midday trading on Wednesday, reaching $39.52. The company’s stock had a trading volume of 216,012 shares, compared to its average volume of 325,355. The stock has a market cap of $2,992.35, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 1.71 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a 12 month low of $31.38 and a 12 month high of $41.23.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). The business had revenue of $117.54 million for the quarter, compared to analysts’ expectations of $122.23 million. Glacier Bancorp had a return on equity of 11.46% and a net margin of 23.88%. equities analysts anticipate that Glacier Bancorp will post 2.25 earnings per share for the current year.
A number of research analysts recently issued reports on GBCI shares. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. BidaskClub upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Piper Jaffray Companies set a $38.00 target price on Glacier Bancorp and gave the company a “hold” rating in a report on Saturday, October 21st. SunTrust Banks reiterated a “buy” rating and issued a $43.00 target price on shares of Glacier Bancorp in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 target price on shares of Glacier Bancorp in a report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $41.25.
In other Glacier Bancorp news, insider Don J. Chery sold 12,000 shares of Glacier Bancorp stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $38.29, for a total transaction of $459,480.00. Following the completion of the sale, the insider now directly owns 30,270 shares of the company’s stock, valued at approximately $1,159,038.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Blodnick sold 25,338 shares of Glacier Bancorp stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $38.38, for a total value of $972,472.44. Following the sale, 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 owned by insiders.
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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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