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

GBCI has been the subject of several other research reports. Keefe, Bruyette & Woods set a $36.00 target price on shares of Glacier Bancorp and gave the stock a hold rating in a research note on Monday, August 28th. Zacks Investment Research downgraded shares of Glacier Bancorp from a hold rating to a sell rating in a report on Monday, October 23rd. SunTrust Banks reissued a buy rating and issued a $42.00 price target on shares of Glacier Bancorp in a report on Wednesday, November 29th. Finally, Piper Jaffray Companies set a $38.00 price target on shares of Glacier Bancorp and gave the stock a hold rating in a report on Saturday, October 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $38.67.

Shares of Glacier Bancorp (NASDAQ:GBCI) opened at $40.08 on Friday. Glacier Bancorp has a one year low of $31.38 and a one year high of $41.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3,139.00, a price-to-earnings ratio of 23.40, a PEG ratio of 2.28 and a beta of 1.45.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. The firm had revenue of $120.00 million during the quarter, compared to analyst estimates of $121.07 million. research analysts expect that Glacier Bancorp will post 1.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Tuesday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, December 4th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 48.84%.

In related news, Director Michael J. Blodnick sold 45,060 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 27,576 shares of the company’s stock, valued at approximately $1,044,578.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of GBCI. Mutual of America Capital Management LLC lifted its holdings in Glacier Bancorp by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 160,380 shares of the bank’s stock valued at $6,056,000 after purchasing an additional 4,399 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Glacier Bancorp by 1.5% during the second quarter. California Public Employees Retirement System now owns 180,500 shares of the bank’s stock valued at $6,608,000 after purchasing an additional 2,600 shares during the last quarter. Northern Trust Corp lifted its holdings in Glacier Bancorp by 7.5% during the second quarter. Northern Trust Corp now owns 1,375,756 shares of the bank’s stock valued at $50,366,000 after purchasing an additional 96,330 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Glacier Bancorp by 6.0% during the second quarter. Teachers Advisors LLC now owns 137,408 shares of the bank’s stock valued at $5,031,000 after purchasing an additional 7,746 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Glacier Bancorp by 2.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 395,892 shares of the bank’s stock valued at $14,494,000 after purchasing an additional 9,858 shares during the last quarter. 84.40% of the stock is currently owned by 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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