Glacier Bancorp (NYSE:GBCI) Shares Down 1.3% – Time to Sell?

Glacier Bancorp, Inc. (NYSE:GBCI) shares dropped 1.3% during mid-day trading on Monday . The stock traded as low as $46.33 and last traded at $46.59. Approximately 901,147 shares were traded during trading, an increase of 12% from the average daily volume of 801,045 shares. The stock had previously closed at $47.19.

Analysts Set New Price Targets

Several research firms recently weighed in on GBCI. Wall Street Zen lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Glacier Bancorp in a research report on Monday, December 29th. Piper Sandler raised Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods upgraded Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Glacier Bancorp has an average rating of “Buy” and an average target price of $56.50.

Glacier Bancorp Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.05 billion, a PE ratio of 22.84 and a beta of 0.75. The company’s 50 day moving average is $43.66 and its 200-day moving average is $45.40.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.