Wall Street Zen Upgrades Glacier Bancorp (NYSE:GBCI) to “Hold”

Glacier Bancorp (NYSE:GBCI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

GBCI has been the subject of a number of other research reports. Piper Sandler upgraded Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 price target for the company in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Glacier Bancorp in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised shares of Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a report on Monday, December 15th. Finally, Brean Capital downgraded shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.50.

Glacier Bancorp Stock Down 7.1%

GBCI opened at $45.45 on Friday. The firm’s 50 day simple moving average is $48.44 and its two-hundred day simple moving average is $46.48. The company has a market capitalization of $5.91 billion, a PE ratio of 22.84 and a beta of 0.76. Glacier Bancorp has a 1-year low of $36.76 and a 1-year high of $53.99. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16.

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

About Glacier Bancorp

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.