Glacier Bancorp Inc. (GBCI) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “
Separately, FIG Partners downgraded shares of Glacier Bancorp from an outperform rating to a market perform rating in a research report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Glacier Bancorp presently has an average rating of Hold and an average target price of $27.25.
Glacier Bancorp (NASDAQ:GBCI) traded down 0.66% during midday trading on Wednesday, hitting $28.59. The company’s stock had a trading volume of 13,814 shares. The company’s 50 day moving average price is $28.94 and its 200 day moving average price is $27.04. Glacier Bancorp has a 12 month low of $21.90 and a 12 month high of $30.12. The firm has a market cap of $2.18 billion, a P/E ratio of 18.36 and a beta of 1.47.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Glacier Bancorp had a net margin of 27.17% and a return on equity of 10.82%. Analysts expect that Glacier Bancorp will post $1.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, October 6th. Glacier Bancorp’s payout ratio is currently 51.28%.
A number of hedge funds have recently made changes to their positions in GBCI. Pacad Investment Ltd. bought a new stake in shares of Glacier Bancorp during the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC bought a new stake in shares of Glacier Bancorp during the second quarter valued at approximately $102,000. Bank of Montreal Can bought a new stake in shares of Glacier Bancorp during the second quarter valued at approximately $117,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Glacier Bancorp during the second quarter valued at approximately $120,000. Finally, Strs Ohio boosted its stake in shares of Glacier Bancorp by 20.5% in the second quarter. Strs Ohio now owns 4,700 shares of the company’s stock valued at $124,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company 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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