Glacier Bancorp Downgraded by Zacks to Neutral (GBCI)
Glacier Bancorp (NASDAQ:GBCI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, Stock Ratings Network.com reports. They currently have a $33.90 target price on the stock. Zacks‘ target price points to a potential upside of 14.88% from the stock’s previous close.
GBCI has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Glacier Bancorp from $25.00 to $30.00 in a research note to investors on Monday, October 28th. They now have a “hold” rating on the stock. Separately, analysts at DA Davidson raised their price target on shares of Glacier Bancorp from $25.00 to $30.00 in a research note to investors on Monday, October 28th. They now have a “neutral” rating on the stock. Finally, 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, October 28th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.58.
Glacier Bancorp (NASDAQ:GBCI) traded up 0.72% during mid-day trading on Tuesday, hitting $29.51. 254,094 shares of the company’s stock traded hands. Glacier Bancorp has a 52-week low of $15.01 and a 52-week high of $30.88. The stock’s 50-day moving average is $29.33 and its 200-day moving average is $25.86. The company has a market cap of $2.193 billion and a P/E ratio of 23.67.
Glacier Bancorp (NASDAQ:GBCI) last released its earnings data on Thursday, October 24th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.02. On average, analysts predict that Glacier Bancorp will post $1.31 earnings per share 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.
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