Brean Capital Downgrades Glacier Bancorp (NYSE:GBCI) to Hold

Glacier Bancorp (NYSE:GBCI) was downgraded by research analysts at Brean Capital from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on GBCI. Wall Street Zen downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a 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 on the stock in a report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods upgraded shares of Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

Glacier Bancorp Stock Performance

GBCI stock opened at $51.70 on Tuesday. The company has a 50-day simple moving average of $47.12 and a 200 day simple moving average of $46.06. The company has a market capitalization of $6.72 billion, a P/E ratio of 25.98 and a beta of 0.76. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. Glacier Bancorp has a fifty-two week low of $36.76 and a fifty-two week high of $53.99.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.10). The company had revenue of $306.51 million for the quarter. Glacier Bancorp had a return on equity of 6.68% and a net margin of 16.63%.

About Glacier Bancorp

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.