Glacier Bancorp (NYSE:GBCI) Rating Increased to Hold at Wall Street Zen

Key Points

• Glacier Bancorp has been upgraded by Wall Street Zen from a "strong sell" rating to a "hold" rating.
• Shares of Glacier Bancorp are currently trading at $45.30 with a twelve month range of $36.76 to $60.67.
• The company reported a quarterly EPS of $0.45, missing the consensus estimate of $0.47.

Glacier Bancorp (NYSE:GBCI - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "hold" rating in a report issued on Saturday.

Separately, Janney Montgomery Scott upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 5th.

Glacier Bancorp Price Performance

Glacier Bancorp stock traded down $0.66 during mid-day trading on Friday, hitting $45.79. The company's stock had a trading volume of 856,292 shares, compared to its average volume of 750,900. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5.20 billion, a PE ratio of 23.85 and a beta of 0.77. The business has a 50 day moving average of $43.74. Glacier Bancorp has a 12 month low of $36.76 and a 12 month high of $60.67.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last released its quarterly earnings data 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 6.62%. The firm had revenue of $240.56 million during the quarter, compared to analysts' expectations 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.