Glacier Bancorp (NYSE:GBCI) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Glacier Bancorp (NYSE:GBCI) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Glacier Bancorp has an average rating of “Buy”.

Glacier Bancorp Trading Down 0.5%

Shares of GBCI opened at $43.73 on Friday. Glacier Bancorp has a twelve month low of $36.76 and a twelve month high of $60.67. The firm has a 50 day simple moving average of $47.95. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 21.44 and a beta of 0.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.82 and a quick ratio of 0.82.

Glacier Bancorp (NYSE:GBCI) last issued its earnings results on Thursday, October 16th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Glacier Bancorp had a return on equity of 7.11% and a net margin of 17.52%.The business had revenue of $260.73 million during the quarter, compared to the consensus estimate of $257.05 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.