Glacier Bancorp Inc. Hits New 52-Week High at $28.15 (GBCI)
Shares of Glacier Bancorp (NASDAQ:GBCI) hit a new 52-week high on Monday, American Banking and Market News reports. The company traded as high as $28.15 and last traded at $27.98, with a volume of 257,125 shares trading hands. The stock had previously closed at $27.82.
A number of analysts have recently weighed in on GBCI shares. Analysts at RBC Capital downgraded shares of Glacier Bancorp from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday. Separately, analysts at SunTrust raised their price target on shares of Glacier Bancorp from $27.00 to $28.00 in a research note to investors on Thursday, August 29th. They now have a “top pick” rating on the stock. Finally, analysts at Zacks upgraded shares of Glacier Bancorp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $25.70 price target on the stock. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.68.
Glacier Bancorp has a 52 week low of $13.25 and a 52 week high of $25.17. The stock has a 50-day moving average of $24.21 and a 200-day moving average of $20.84. The company has a market cap of $2.077 billion and a price-to-earnings ratio of 22.47.
Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. Analysts expect that Glacier Bancorp will post $1.29 EPS for the current fiscal year.
Glacier Bancorp, Inc is a regional multi-bank holding company. As of December 31, 2012, the Company provided commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.