Glacier Bancorp Inc. (NASDAQ:GBCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “

Separately, FIG Partners lowered Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Glacier Bancorp currently has an average rating of “Hold” and an average price target of $27.25.

Analyst Recommendations for Glacier Bancorp (NASDAQ:GBCI)

Glacier Bancorp (NASDAQ:GBCI) traded down 2.86% on Monday, reaching $33.96. The company had a trading volume of 398,194 shares. The stock’s 50 day moving average is $29.99 and its 200-day moving average is $28.23. The stock has a market capitalization of $2.60 billion, a P/E ratio of 21.63 and a beta of 1.34. Glacier Bancorp has a 1-year low of $21.90 and a 1-year high of $34.97.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.02. Glacier Bancorp had a net margin of 26.97% and a return on equity of 10.77%. On average, equities analysts predict that Glacier Bancorp will post $1.60 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, December 6th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, December 2nd. Glacier Bancorp’s dividend payout ratio (DPR) is 50.96%.

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In related news, Director Craig A. Langel sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $33.28, for a total transaction of $99,840.00. Following the sale, the director now directly owns 59,729 shares of the company’s stock, valued at $1,987,781.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in Glacier Bancorp during the second quarter valued at approximately $100,000. Riverhead Capital Management LLC raised its stake in Glacier Bancorp by 34.9% in the third quarter. Riverhead Capital Management LLC now owns 3,800 shares of the company’s stock valued at $108,000 after buying an additional 984 shares during the period. Tower Research Capital LLC TRC bought a new stake in Glacier Bancorp during the second quarter valued at approximately $102,000. Bank of Montreal Can bought a new stake in Glacier Bancorp during the second quarter valued at approximately $117,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Glacier Bancorp during the second quarter valued at approximately $120,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Company Profile

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.

5 Day Chart for NASDAQ:GBCI

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