Glacier Bancorp (NYSE:GBCI) Upgraded by Wall Street Zen to Hold Rating

Glacier Bancorp (NYSE:GBCI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts also recently issued reports on GBCI. Piper Sandler raised Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Thursday, December 18th. Brean Capital lowered Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised 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 report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Glacier Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

Glacier Bancorp Price Performance

Shares of GBCI opened at $45.45 on Friday. Glacier Bancorp has a twelve month low of $36.76 and a twelve month high of $53.99. The company has a market capitalization of $5.91 billion, a P/E ratio of 22.84 and a beta of 0.76. The firm has a 50 day moving average of $48.44 and a 200 day moving average of $46.48. 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 (NYSE:GBCI) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.10). Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%. The business had revenue of $306.51 million during the quarter.

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.