Glacier Bancorp (NASDAQ: GBCI)‘s stock had its “neutral” rating reiterated by analysts at Sterne Agee in a research report issued to clients and investors on Monday.
Separately, analysts at Roth Capital upgraded shares of Glacier Bancorp from a “neutral” rating to a “buy” rating in a research note to investors on Monday.
Glacier Bancorp, Inc. is a regional multi-bank holding company providing commercial banking services from 106 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington. The Company offers a range of banking products and services, including transaction and savings deposits, commercial, consumer, and real estate loans, mortgage origination services, and retail brokerage services. The Company serves individuals, small to medium-sized businesses, community organizations and public entities. The Company operates 11 bank subsidiaries and seven trust subsidiaries. On October 2, 2009, the Company acquired First Co Trust 01, First Co Trust 03. The trusts were formed for the purpose of issuing trust preferred securities.
Glacier Bancorp traded up 1.64% on Monday, hitting $13.66. Glacier Bancorp has a 1-year low of $8.95 and a 1-year high of $16.00. The stock has a 50-day moving average of $12.48 and a 200-day moving average of $11.64. The company has a market cap of $982.4 million and a price-to-earnings ratio of 56.00.