Glacier Bancorp (NYSE:GBCI) Downgraded to Hold Rating by Brean Capital

Glacier Bancorp (NYSE:GBCI) was downgraded by research analysts at Brean Capital from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Glacier Bancorp in a research report on Monday, December 29th. Piper Sandler upgraded shares of Glacier Bancorp from a “hold” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Thursday, December 18th. Wall Street Zen cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, Keefe, Bruyette & Woods raised Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.50.

Glacier Bancorp Stock Down 2.7%

GBCI stock opened at $51.79 on Tuesday. Glacier Bancorp has a twelve month low of $36.76 and a twelve month high of $53.99. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $46.94 and a 200 day moving average of $46.02. The firm has a market cap of $6.73 billion, a PE ratio of 26.03 and a beta of 0.76.

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

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.