Glacier Bancorp (NASDAQ:GBCI) Upgraded by StockNews.com to “Sell”

Glacier Bancorp (NASDAQ:GBCI) was upgraded by StockNews.com to a “sell” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also recently issued reports about the stock. Truist Financial dropped their price objective on shares of Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. DA Davidson dropped their price objective on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Stephens dropped their price objective on shares of Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.40.

Glacier Bancorp Stock Performance

GBCI stock traded down $0.42 on Wednesday, hitting $38.65. The company’s stock had a trading volume of 355,701 shares, compared to its average volume of 692,779. The firm has a 50 day moving average of $37.96 and a two-hundred day moving average of $37.92. Glacier Bancorp has a 1 year low of $26.83 and a 1 year high of $44.06. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 22.09 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $196.47 million during the quarter, compared to analyst estimates of $202.66 million. Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. Equities analysts predict that Glacier Bancorp will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Glacier Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP grew its stake in shares of Glacier Bancorp by 409.4% during the 4th quarter. Allworth Financial LP now owns 596 shares of the bank’s stock worth $25,000 after purchasing an additional 479 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Glacier Bancorp in the 4th quarter worth about $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Glacier Bancorp in the 1st quarter worth about $25,000. FNY Investment Advisers LLC purchased a new stake in shares of Glacier Bancorp in the 4th quarter worth about $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Glacier Bancorp in the 1st quarter worth about $50,000. 80.17% of the stock is owned by institutional investors and hedge funds.

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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.