Glacier Bancorp, Inc. (NASDAQ:GBCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “

A number of other research firms have also recently issued reports on GBCI. SunTrust Banks, Inc. set a $41.00 target price on shares of Glacier Bancorp and gave the company a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods set a $36.00 target price on shares of Glacier Bancorp and gave the company a “hold” rating in a research note on Monday, June 26th. Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the company a “hold” rating in a research note on Saturday. Finally, BidaskClub cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.33.

Glacier Bancorp (GBCI) traded down 1.37% during midday trading on Monday, hitting $36.73. 340,220 shares of the stock traded hands. The firm has a market cap of $2.86 billion, a P/E ratio of 22.26 and a beta of 1.49. Glacier Bancorp has a 1-year low of $27.31 and a 1-year high of $38.18. The company has a 50-day moving average price of $35.70 and a 200-day moving average price of $34.78.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $120.00 million during the quarter, compared to analysts’ expectations of $121.07 million. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.48%. Analysts predict that Glacier Bancorp will post $1.78 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of Glacier Bancorp by 1.5% in the second quarter. California Public Employees Retirement System now owns 180,500 shares of the bank’s stock valued at $6,608,000 after purchasing an additional 2,600 shares during the period. Northern Trust Corp raised its position in shares of Glacier Bancorp by 7.5% in the second quarter. Northern Trust Corp now owns 1,375,756 shares of the bank’s stock valued at $50,366,000 after purchasing an additional 96,330 shares during the period. Teachers Advisors LLC raised its position in shares of Glacier Bancorp by 6.0% in the second quarter. Teachers Advisors LLC now owns 137,408 shares of the bank’s stock valued at $5,031,000 after purchasing an additional 7,746 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Glacier Bancorp by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 395,892 shares of the bank’s stock valued at $14,494,000 after purchasing an additional 9,858 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in shares of Glacier Bancorp by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 160,380 shares of the bank’s stock valued at $6,056,000 after purchasing an additional 4,399 shares during the period. 80.86% of the stock is currently owned by institutional investors.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.

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