Home Glaciers StockNews.com puts Glacier Bancorp (NASDAQ:GBCI) on “Hold”

StockNews.com puts Glacier Bancorp (NASDAQ:GBCI) on “Hold”

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Bancorp Glacier (NASDAQ: GBCIGet a rating) has been updated by StockNews.com from a “sell” rating to a “hold” rating in a research report released Thursday to clients and investors.

Separately, Zacks Investment Research downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 1.

Shares of GBCI opened at $46.35 on Thursday. The company has a market capitalization of $5.13 billion, a price-earnings ratio of 17.36 and a beta of 0.87. The company has a 50-day moving average of $49.08 and a 200-day moving average of $53.61. The company has a debt ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.62. Glacier Bancorp has a 1 year minimum of $44.43 and a 1 year maximum of $62.00.

Bancorp Glacier (NASDAQ: GBCIGet a rating) last reported results on Thursday, April 21. The bank reported earnings per share of $0.61 for the quarter, meeting analyst consensus estimates of $0.61. Glacier Bancorp had a return on equity of 10.02% and a net margin of 32.03%. In the same period of the previous year, the company had earned earnings per share of $0.85. As a group, sell-side analysts expect Glacier Bancorp to post year-to-date EPS of 2.76.

Institutional investors have recently changed their positions in the company. Clearstead Advisors LLC acquired a new stake in Glacier Bancorp in the third quarter worth approximately $26,000. Covestor Ltd acquired a new stake in Glacier Bancorp in the fourth quarter worth approximately $28,000. Byrne Asset Management LLC acquired a new stake in Glacier Bancorp in the fourth quarter worth approximately $29,000. Ten Capital Wealth Advisors LLC acquired a new stake in Glacier Bancorp in the third quarter worth approximately $51,000. Finally, Rockefeller Capital Management LP increased its stake in Glacier Bancorp by 665.8% in the third quarter. Rockefeller Capital Management LP now owns 919 shares of the bank valued at $50,000 after acquiring an additional 799 shares during the period. 68.64% of the shares are held by hedge funds and other institutional investors.

About Glacier Bancorp (Get a rating)

Glacier Bancorp, Inc operates as a bank holding company for Glacier Bank which provides commercial banking services to individuals, small and medium businesses, community organizations and public entities in the United States. It offers non-interest bearing deposit accounts and interest bearing deposit accounts, such as negotiable withdrawal orders and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate deposit, negotiated rate jumbo certificates and individual retirement accounts.

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