Glacier Bancorp (NYSE:GBCI) Cut to Hold at Brean Capital

Brean Capital downgraded shares of Glacier Bancorp (NYSE:GBCI) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

GBCI has been the subject of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Glacier Bancorp in a report on Monday, December 29th. Piper Sandler raised shares of Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Thursday, December 18th. Keefe, Bruyette & Woods raised Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Monday, December 15th. Finally, Wall Street Zen lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.50.

Glacier Bancorp Stock Performance

NYSE:GBCI opened at $51.07 on Tuesday. The firm has a market capitalization of $6.64 billion, a PE ratio of 25.66 and a beta of 0.76. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. Glacier Bancorp has a 12-month low of $36.76 and a 12-month high of $53.99. The firm has a 50-day moving average price of $47.29 and a 200 day moving average price of $46.10.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.10). Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%. The company had revenue of $306.51 million during the quarter.

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.