Glacier Bancorp (GBCI) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Glacier Bancorp (NASDAQ:GBCI) from a hold rating to a buy rating in a research note released on Wednesday.

A number of other brokerages have also weighed in on GBCI. Zacks Investment Research raised Glacier Bancorp from a sell rating to a buy rating and set a $44.00 price objective on the stock in a report on Monday, January 1st. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $41.00 price objective on shares of Glacier Bancorp in a report on Friday, December 22nd. BidaskClub lowered Glacier Bancorp from a buy rating to a hold rating in a report on Friday, December 8th. Sandler O’Neill reaffirmed a hold rating and issued a $41.00 price objective on shares of Glacier Bancorp in a report on Thursday, March 29th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $43.00 price objective on shares of Glacier Bancorp in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $41.20.

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Shares of GBCI stock opened at $37.55 on Wednesday. The stock has a market capitalization of $3,173.20, a P/E ratio of 21.46, a P/E/G ratio of 1.67 and a beta of 1.30. Glacier Bancorp has a 52-week low of $31.38 and a 52-week high of $41.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.85.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. The business had revenue of $117.54 million during the quarter, compared to analysts’ expectations of $122.23 million. equities research analysts forecast that Glacier Bancorp will post 2.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Tuesday, April 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Monday, April 9th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.21. Glacier Bancorp’s payout ratio is currently 48.00%.

In other news, Director James M. English sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $41.01, for a total transaction of $205,050.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Glacier Bancorp by 45.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock worth $182,000 after acquiring an additional 1,454 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Glacier Bancorp during the 4th quarter worth approximately $203,000. First Allied Advisory Services Inc. purchased a new stake in shares of Glacier Bancorp during the 4th quarter worth approximately $206,000. Zeke Capital Advisors LLC purchased a new stake in shares of Glacier Bancorp during the 4th quarter worth approximately $211,000. Finally, Wolverine Trading LLC purchased a new stake in shares of Glacier Bancorp during the 4th quarter worth approximately $218,000. 77.19% of the stock is currently owned by institutional investors and hedge funds.

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Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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