Glacier Bancorp (NYSE:GBCI) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Glacier Bancorp (NYSE:GBCI) from a hold rating to an overweight rating in a report released on Thursday morning, MarketBeat reports. They currently have $58.00 target price on the stock.

GBCI has been the topic of a number of other reports. Wall Street Zen cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a research report on Monday, December 15th. Finally, Keefe, Bruyette & Woods upgraded Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $56.50.

Glacier Bancorp Price Performance

Shares of NYSE:GBCI opened at $45.65 on Thursday. The stock has a market cap of $5.93 billion, a PE ratio of 22.38 and a beta of 0.78. The company’s fifty day moving average is $43.03 and its 200 day moving average is $44.94. Glacier Bancorp has a 52 week low of $36.76 and a 52 week high of $52.81. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.31.

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.