RBC Capital Downgrades Glacier Bancorp to Sector Perform (GBCI)
Glacier Bancorp (NASDAQ:GBCI) was downgraded by analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Shares of Glacier Bancorp (NASDAQ:GBCI) traded up 0.97% during mid-day trading on Monday, hitting $28.09. 361,331 shares of the company’s stock traded hands. Glacier Bancorp has a 52 week low of $13.25 and a 52 week high of $25.17. The stock’s 50-day moving average is $24.21 and its 200-day moving average is $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 issued its quarterly earnings data on Thursday, October 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. On average, analysts predict that Glacier Bancorp will post $1.29 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. 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 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 company. Glacier Bancorp presently has a consensus rating of “Buy” and a consensus price target of $23.68.
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.
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