Glacier Bancorp (NASDAQ:GBCI) Stock Rating Upgraded by Stephens

Stephens upgraded shares of Glacier Bancorp (NASDAQ:GBCI) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods upped their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler lowered their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Stock Down 0.2 %

Shares of GBCI opened at $46.07 on Monday. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67. The company has a market cap of $5.22 billion, a P/E ratio of 27.58 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $49.68 and a two-hundred day simple moving average of $49.91.

Institutional Trading of Glacier Bancorp

Institutional investors have recently modified their holdings of the business. Barclays PLC boosted its position in Glacier Bancorp by 65.6% during the third quarter. Barclays PLC now owns 247,717 shares of the bank’s stock valued at $11,321,000 after acquiring an additional 98,158 shares during the last quarter. Geode Capital Management LLC boosted its position in Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock valued at $132,662,000 after acquiring an additional 41,160 shares during the last quarter. LMR Partners LLP bought a new stake in Glacier Bancorp during the third quarter valued at $543,000. BNP Paribas Financial Markets boosted its position in Glacier Bancorp by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank’s stock valued at $2,111,000 after acquiring an additional 19,814 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in Glacier Bancorp by 79.2% during the third quarter. Synovus Financial Corp now owns 32,484 shares of the bank’s stock valued at $1,485,000 after acquiring an additional 14,359 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

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.