Glacier Bancorp (NASDAQ:GBCI) Upgraded at Janney Montgomery Scott

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) was upgraded by stock analysts at Janney Montgomery Scott from a "neutral" rating to a "buy" rating in a research report issued on Thursday, Marketbeat reports. The firm currently has a $48.00 target price on the bank's stock. Janney Montgomery Scott's price objective suggests a potential upside of 13.26% from the stock's current price.

Several other analysts also recently weighed in on GBCI. Raymond James set a $45.00 target price on Glacier Bancorp in a research note on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $50.00.

Glacier Bancorp Price Performance

NASDAQ:GBCI traded up $0.89 during mid-day trading on Thursday, hitting $42.38. 543,187 shares of the company's stock traded hands, compared to its average volume of 642,935. Glacier Bancorp has a 1 year low of $34.48 and a 1 year high of $60.67. The company has a market cap of $4.81 billion, a PE ratio of 25.38 and a beta of 0.77. The firm's 50 day simple moving average is $41.12 and its 200 day simple moving average is $47.18. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period last year, the company earned $0.29 earnings per share. Sell-side analysts expect that Glacier Bancorp will post 2.45 EPS for the current year.

Hedge Funds Weigh In On Glacier Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. increased its holdings in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after purchasing an additional 362 shares during the period. Financial Advocates Investment Management increased its stake in shares of Glacier Bancorp by 1.9% in the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank's stock valued at $817,000 after buying an additional 311 shares during the period. Blue Trust Inc. lifted its holdings in Glacier Bancorp by 148.5% in the fourth quarter. Blue Trust Inc. now owns 4,316 shares of the bank's stock valued at $217,000 after buying an additional 2,579 shares during the period. Rhumbline Advisers lifted its stake in Glacier Bancorp by 0.5% in the fourth quarter. Rhumbline Advisers now owns 388,660 shares of the bank's stock valued at $19,518,000 after buying an additional 2,053 shares during the period. Finally, Nkcfo LLC acquired a new stake in Glacier Bancorp during the 4th quarter worth $452,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the bank 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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.