Glacier Bancorp (NYSE:GBCI) Stock Price Down 1.1% - Here's Why

Glacier Bancorp, Inc. (NYSE:GBCI - Get Free Report) shares were down 1.1% on Tuesday . The stock traded as low as $47.04 and last traded at $47.60. Approximately 513,776 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 637,364 shares. The stock had previously closed at $48.14.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Glacier Bancorp from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. Janney Montgomery Scott raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Glacier Bancorp presently has a consensus rating of "Strong Buy".

Glacier Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $5.64 billion, a P/E ratio of 24.79 and a beta of 0.82. The business's 50-day moving average price is $46.53.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). Glacier Bancorp had a net margin of 16.72% and a return on equity of 6.63%. The business had revenue of $240.56 million for the quarter, compared to analyst estimates of $243.50 million.

About Glacier Bancorp

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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts.

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