Glacier Bancorp (NYSE:GBCI) Upgraded 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 investment analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a note issued to investors on Saturday.

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

Glacier Bancorp Stock Up 1.7%

Shares of Glacier Bancorp stock opened at $45.30 on Friday. Glacier Bancorp has a twelve month low of $36.76 and a twelve month high of $60.67. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $43.63. The firm has a market cap of $5.14 billion, a PE ratio of 23.59 and a beta of 0.77.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The firm had revenue of $240.56 million during the quarter, compared to analyst estimates of $243.50 million. Glacier Bancorp had a net margin of 16.72% and a return on equity of 6.77%.

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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