Glacier Bancorp (NYSE:GBCI) Trading Down 1.3% - Should You Sell?

Key Points

• Glacier Bancorp's stock price declined by 1.3%, trading at $45.36 with a market cap of $5.38 billion.
• Despite the drop in stock price, analyst ratings show a positive trend, with the stock currently holding an average rating of "Strong Buy."
• In its latest earnings report, Glacier Bancorp reported earnings per share of $0.45, falling short of the $0.47 consensus estimate.

Glacier Bancorp, Inc. (NYSE:GBCI - Get Free Report)'s stock price was down 1.3% on Thursday . The stock traded as low as $45.06 and last traded at $45.36. Approximately 769,929 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 745,483 shares. The stock had previously closed at $45.97.

Analysts Set New Price Targets

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

Glacier Bancorp Stock Up 0.4%

The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 25.33 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $45.15.

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

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. 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.