Glacier Bancorp (NASDAQ:GBCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $43.00 price objective on the bank’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.67% from the company’s previous close.

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

A number of other research firms also recently issued reports on GBCI. SunTrust Banks reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Glacier Bancorp in a research note on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Glacier Bancorp in a research note on Friday, December 22nd. BidaskClub downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Finally, Piper Jaffray Companies set a $38.00 price objective on Glacier Bancorp and gave the stock a “hold” rating in a research note on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $41.25.

Shares of Glacier Bancorp (NASDAQ:GBCI) opened at $39.21 on Tuesday. The stock has a market capitalization of $3,000.00, a P/E ratio of 22.93, a P/E/G ratio of 1.89 and a beta of 1.45. Glacier Bancorp has a 12 month low of $31.38 and a 12 month high of $41.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $120.00 million for the quarter, compared to the consensus estimate of $121.07 million. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%. equities analysts forecast that Glacier Bancorp will post 1.77 earnings per share for the current fiscal year.

In other news, insider Don J. Chery sold 12,000 shares of Glacier Bancorp stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.29, for a total value of $459,480.00. Following the completion of the transaction, the insider now owns 30,270 shares in the company, valued at approximately $1,159,038.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael J. Blodnick sold 45,060 shares of Glacier Bancorp stock in a transaction that occurred on 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 completion of the transaction, the director now owns 27,576 shares of the company’s stock, valued at approximately $1,044,578.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,398 shares of company stock worth $3,138,825. Corporate insiders own 0.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Amalgamated Bank boosted its holdings in shares of Glacier Bancorp by 1.9% in the 2nd quarter. Amalgamated Bank now owns 10,526 shares of the bank’s stock worth $385,000 after purchasing an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Glacier Bancorp by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock worth $116,000 after purchasing an additional 283 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Glacier Bancorp by 1.0% in the 2nd quarter. Coldstream Capital Management Inc. now owns 38,500 shares of the bank’s stock worth $1,409,000 after purchasing an additional 370 shares during the period. Advisor Group Inc. boosted its holdings in shares of Glacier Bancorp by 23.7% in the 2nd quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock worth $142,000 after purchasing an additional 744 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Glacier Bancorp by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock worth $135,000 after purchasing an additional 947 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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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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