Glacier Bancorp (NASDAQ:GBCI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other brokerages have also recently issued reports on GBCI. SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 target price on shares of Glacier Bancorp in a report on Wednesday, November 29th. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Piper Jaffray Companies set a $38.00 target price on Glacier Bancorp and gave the stock a “hold” rating in a report on Saturday, October 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 target price on shares of Glacier Bancorp in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Glacier Bancorp currently has an average rating of “Hold” and an average price target of $38.67.

Shares of Glacier Bancorp (GBCI) opened at $38.44 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3,034.47, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.20 and a beta of 1.45. Glacier Bancorp has a twelve month low of $31.38 and a twelve month high of $41.23.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The business had revenue of $120.00 million for the quarter, compared to analysts’ expectations of $121.07 million. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%. equities research analysts predict that Glacier Bancorp will post 1.77 EPS for the current year.

In other news, Director Michael J. Blodnick sold 45,060 shares of Glacier Bancorp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $37.88, for a total value of $1,706,872.80. Following the sale, the director now directly owns 27,576 shares of the company’s stock, valued at $1,044,578.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. increased its stake in Glacier Bancorp by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,450 shares of the bank’s stock worth $492,000 after acquiring an additional 34 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Glacier Bancorp by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 6,141 shares of the bank’s stock worth $225,000 after acquiring an additional 93 shares during the last quarter. Arizona State Retirement System increased its stake in Glacier Bancorp by 0.3% during the second quarter. Arizona State Retirement System now owns 39,996 shares of the bank’s stock worth $1,464,000 after acquiring an additional 100 shares during the last quarter. LS Investment Advisors LLC increased its stake in Glacier Bancorp by 4.9% during the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock worth $105,000 after acquiring an additional 134 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Glacier Bancorp by 1.9% during the second quarter. Amalgamated Bank now owns 10,526 shares of the bank’s stock worth $385,000 after acquiring an additional 200 shares during the last quarter. 84.40% of the stock is currently owned by institutional investors.

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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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