Glacier Bancorp, Inc. (NASDAQ:GBCI) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.60.
A number of equities research analysts recently weighed in on GBCI shares. ValuEngine raised Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Zacks Investment Research raised Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Monday, June 4th. BidaskClub raised Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Sandler O’Neill reaffirmed a “hold” rating and set a $41.00 price target on shares of Glacier Bancorp in a report on Thursday, March 29th. Finally, DA Davidson dropped their price target on Glacier Bancorp from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 23rd.
Institutional investors and hedge funds have recently made changes to their positions in the business. Motco bought a new position in shares of Glacier Bancorp in the 1st quarter worth $152,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Glacier Bancorp by 45.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock worth $182,000 after purchasing an additional 1,454 shares during the last quarter. First Allied Advisory Services Inc. bought a new position in shares of Glacier Bancorp in the 4th quarter worth $206,000. Zeke Capital Advisors LLC bought a new position in shares of Glacier Bancorp in the 4th quarter worth $211,000. Finally, Wolverine Trading LLC bought a new position in shares of Glacier Bancorp in the 4th quarter worth $218,000. Hedge funds and other institutional investors own 77.25% of the company’s stock.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, April 19th. The bank reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.03). Glacier Bancorp had a net margin of 24.58% and a return on equity of 11.31%. The business had revenue of $121.38 million for the quarter, compared to analyst estimates of $129.25 million. During the same period in the prior year, the business earned $0.41 earnings per share. equities research analysts expect that Glacier Bancorp will post 2.16 EPS for the current fiscal year.
About Glacier Bancorp
Glacier Bancorp, Inc operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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