BidaskClub cut shares of Glacier Bancorp (NASDAQ:GBCI) from a buy rating to a hold rating in a report published on Friday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Glacier Bancorp from a hold rating to a buy rating and set a $45.00 price objective on the stock in a research note on Wednesday, June 27th. ValuEngine raised Glacier Bancorp from a hold rating to a buy rating in a research note on Friday, July 20th. Piper Jaffray Companies reissued a hold rating and issued a $44.00 price objective on shares of Glacier Bancorp in a research note on Monday, July 23rd. Finally, Sandler O’Neill reissued a hold rating and issued a $44.00 price objective on shares of Glacier Bancorp in a research note on Friday, July 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Glacier Bancorp presently has a consensus rating of Hold and an average target price of $43.33.

Glacier Bancorp stock opened at $44.52 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 2.07 and a beta of 1.43. Glacier Bancorp has a 52 week low of $33.38 and a 52 week high of $46.28.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, July 19th. The bank reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $140.38 million during the quarter, compared to analyst estimates of $135.74 million. Glacier Bancorp had a return on equity of 11.56% and a net margin of 25.31%. During the same period in the prior year, the firm posted $0.43 EPS. research analysts anticipate that Glacier Bancorp will post 2.2 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of GBCI. BlackRock Inc. lifted its stake in shares of Glacier Bancorp by 9.6% during the second quarter. BlackRock Inc. now owns 11,832,235 shares of the bank’s stock valued at $457,672,000 after acquiring an additional 1,032,929 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Glacier Bancorp during the second quarter valued at $28,939,000. Carillon Tower Advisers Inc. acquired a new position in shares of Glacier Bancorp during the second quarter valued at $26,929,000. Segall Bryant & Hamill LLC acquired a new position in shares of Glacier Bancorp during the second quarter valued at $22,081,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of Glacier Bancorp by 20.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 2,022,253 shares of the bank’s stock valued at $77,614,000 after acquiring an additional 340,775 shares during the period. 82.21% of the stock is currently owned by institutional investors and hedge funds.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the 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 deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

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Analyst Recommendations for Glacier Bancorp (NASDAQ:GBCI)

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