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Earnings
First Interstate reports Q2 EPS 58c, consensus 51c » 16:21
07/27/20
07/27
16:21
07/27/20
16:21
FIBK

First Interstate

$29.62 /

-0.66 (-2.18%)

Reports Q2 revenue…

Reports Q2 revenue $162.7M, consensus $166.09M. During the second quarter of 2020, the Company recorded a provision for credit losses of $19.5 million, compared to $29.0 million during the first quarter of 2020, and $3.8 million during the second quarter of 2019. The provision includes the impact of net charge-offs of $2.3 million, or 0.09% of average loans outstanding, for the second quarter of 2020, compared to $3.1 million, or 0.14% of average loans outstanding, for the first quarter of 2020, and $2.0 million, or 0.09% of average loans outstanding for the second quarter of 2019. The Company's allowance for credit losses on loans as a percentage of period-end loans held for investment, including PPP loans, increased to 1.46% at June 30, 2020, compared to 1.45% at March 31, 2020, and 0.82% at June 30, 2019.

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FIBK First Interstate
$29.62 /

-0.66 (-2.18%)

FIBK First Interstate
$29.62 /

-0.66 (-2.18%)

05/04/20 Wells Fargo
First Interstate price target raised to $35 from $28 at Wells Fargo
04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
FIBK First Interstate
$29.62 /

-0.66 (-2.18%)

Earnings
Glacier Bancorp reports Q2 EPS 66c, consensus 50c » 16:32
07/23/20
07/23
16:32
07/23/20
16:32
GBCI

Glacier Bancorp

$36.24 /

+1.35 (+3.87%)

The company funded 15,291…

The company funded 15,291 PPP loans in the amount of $1.427B. The loan portfolio organically increased $1.365B or 14%, in the current quarter and increased $1.545B, or 17 percent, from the prior year second quarter. Core deposits increased $1.818B, or 16%, during the current quarter, with non-interest bearing deposit growth of $1.168B, or 30%. The Glacier team delivered outstanding results despite the continuing pandemic and the resulting challenging environment. The team did an exceptional job servicing our customers and communities by making over 15,000 Paycheck Protection Program loans for over $1.5B," said Randy Chesler, President and CEO. "We remain confident that our significant liquidity, high quality loan portfolio, strong balance sheet and solid core business, positions us to successfully respond to a full range of future possible economic conditions."

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GBCI Glacier Bancorp
$36.24 /

+1.35 (+3.87%)

GBCI Glacier Bancorp
$36.24 /

+1.35 (+3.87%)

03/16/20 DA Davidson
Glacier Bancorp upgraded to Buy from Neutral at DA Davidson
03/16/20 DA Davidson
Searching... upgraded to Buy from Neutral at DA Davidson
03/06/20 Truist
SunTrust cuts price targets on Banks amid lower interest rate environment
12/24/19 DA Davidson
Glacier Bancorp price target raised to $48 from $45 at DA Davidson
GBCI Glacier Bancorp
$36.24 /

+1.35 (+3.87%)

Over a month ago
Hot Stocks
S&P announces June quarterly rebalance effective 6/22 » 17:32
06/12/20
06/12
17:32
06/12/20
17:32
TYL

Tyler Technologies

$342.51 /

-9.65 (-2.74%)

, BIO

Bio-Rad

$448.85 /

+9.585 (+2.18%)

, TDY

Teledyne

$333.64 /

-8.41 (-2.46%)

, HOG

Harley-Davidson

$25.10 /

+1.33 (+5.60%)

, JWN

Nordstrom

$17.63 /

+0.47 (+2.74%)

, ADS

Alliance Data

$52.15 /

+4.57 (+9.60%)

, STRA

Strategic Education

$161.52 /

-4.145 (-2.50%)

, QLYS

Qualys

$103.16 /

+1.05 (+1.03%)

, GBCI

Glacier Bancorp

$39.32 /

+0.58 (+1.50%)

, BBBY

Bed Bath & Beyond

$8.10 /

+0.64 (+8.58%)

, MTDR

Matador

$9.57 /

+1.06 (+12.46%)

, MDRX

Allscripts

$6.08 /

+0.22 (+3.75%)

, MIDD

Middleby

$73.42 /

+0.57 (+0.78%)

, QDEL

Quidel

$172.00 /

+13.66 (+8.63%)

, KAR

KAR Auction

$14.76 /

+0.62 (+4.39%)

, UNVR

Univar

$16.35 /

+0.595 (+3.78%)

, DNOW

NOW Inc.

$8.41 /

+0.675 (+8.73%)

, CAKE

Cheesecake Factory

$24.23 /

+2.02 (+9.10%)

, REZI

Resideo

$9.51 /

+0.79 (+9.06%)

, TLRD

Tailored Brands

$1.27 /

+0.08 (+6.75%)

, CBL

CBL & Associates

$0.33 /

+0.0203 (+6.49%)

, HPR

HighPoint Resources

$0.47 /

+0.0434 (+10.29%)

, TTI

Tetra Technologies

$0.50 /

+0.0308 (+6.63%)

, BSIG

BrightSphere

$9.19 /

+0.065 (+0.71%)

S&P MidCap 400…

S&P MidCap 400 constituents Tyler Technologies Inc. (TYL), Bio-Rad Laboratories Inc. (BIO) and Teledyne Technologies Inc. (TDY) will move to the S&P 500, replacing Harley- Davidson Inc. (HOG), Nordstrom Inc. (JWN) and Alliance Data Systems Corp. (ADS) all of which will move to the S&P MidCap 400. S&P SmallCap 600 constituents Strategic Education Inc. (STRA), Qualys Inc. (QLYS) and Glacier Bancorp Inc. (GBCI) will move to the S&P MidCap 400, replacing Bed Bath & Beyond Inc. (BBBY), Matador Resources Co. (MTDR) and Allscripts Healthcare Solutions Inc. (MDRX) all of which will move to the S&P SmallCap 600. Middleby Corp. (MIDD), Quidel Corp. (QDEL), Hexcel Inc. Inc. (KAR) and Univar Solutions Inc. (UNVR) will join the S&P MidCap 400. S&P MidCap 400 constituents NOW Inc. (DNOW), Cheesecake Factory Inc. (CAKE), and Resideo Technologies Inc. (REZI) will move to the S&P SmallCap 600. Dillard's Inc. (DDS) will be removed from the S&P MidCap 400 as it is no longer representative of the midcap market space. Tailored Brands Inc. (TLRD), CBL & Associates Properties Inc. (CBL), HighPoint Resources Corp. (HPR) and Tetra Technologies Inc. (TTI) will be removed from the S&P SmallCap 600 as they are no longer representative of the small-cap market space. BrightSphere Investment Group Inc. (BSIG) will join the S&P SmallCap 600.

ShowHide Related Items >><<
UNVR Univar
$16.35 /

+0.595 (+3.78%)

TYL Tyler Technologies
$342.51 /

-9.65 (-2.74%)

TTI Tetra Technologies
$0.50 /

+0.0308 (+6.63%)

TLRD Tailored Brands
$1.27 /

+0.08 (+6.75%)

TDY Teledyne
$333.64 /

-8.41 (-2.46%)

STRA Strategic Education
$161.52 /

-4.145 (-2.50%)

REZI Resideo
$9.51 /

+0.79 (+9.06%)

QLYS Qualys
$103.16 /

+1.05 (+1.03%)

QDEL Quidel
$172.00 /

+13.66 (+8.63%)

MTDR Matador
$9.57 /

+1.06 (+12.46%)

MIDD Middleby
$73.42 /

+0.57 (+0.78%)

MDRX Allscripts
$6.08 /

+0.22 (+3.75%)

KAR KAR Auction
$14.76 /

+0.62 (+4.39%)

JWN Nordstrom
$17.63 /

+0.47 (+2.74%)

HPR HighPoint Resources
$0.47 /

+0.0434 (+10.29%)

HOG Harley-Davidson
$25.10 /

+1.33 (+5.60%)

GBCI Glacier Bancorp
$39.32 /

+0.58 (+1.50%)

DNOW NOW Inc.
$8.41 /

+0.675 (+8.73%)

CBL CBL & Associates
$0.33 /

+0.0203 (+6.49%)

CAKE Cheesecake Factory
$24.23 /

+2.02 (+9.10%)

BSIG BrightSphere
$9.19 /

+0.065 (+0.71%)

BIO Bio-Rad
$448.85 /

+9.585 (+2.18%)

BBBY Bed Bath & Beyond
$8.10 /

+0.64 (+8.58%)

ADS Alliance Data
$52.15 /

+4.57 (+9.60%)

TYL Tyler Technologies
$342.51 /

-9.65 (-2.74%)

04/16/20 BTIG
Tyler Technologies initiated with a Neutral at BTIG
02/13/20 Needham
Tyler Technologies price target raised to $380 from $280 at Needham
01/13/20 Baird
Tyler Technologies downgraded to Neutral from Outperform at Baird
12/05/19 Northcoast
Tyler Technologies downgraded to Neutral from Buy at Northcoast
BIO Bio-Rad
$448.85 /

+9.585 (+2.18%)

05/21/20 Wells Fargo
Bio-Rad price target raised to $525 from $495 at Wells Fargo
04/08/20 Jefferies
Bio-Rad COVID-19 antibody test 'could be big,' says Jefferies
03/03/20 Citi
Bio-Rad margin expansion story in early innings, says Citi
01/07/20 Wells Fargo
Wells Fargo initiates Life Science Tools, Services, Diagnostics Sector
TDY Teledyne
$333.64 /

-8.41 (-2.46%)

02/11/20 Cowen
Teledyne price target raised to $415 from $375 at Cowen
01/21/20 Needham
Teledyne price target raised to $400 from $355 at Needham
09/27/19 Cowen
Teledyne price target raised to $375 from $300 at Cowen
08/07/19 Cowen
Teledyne price target raised to $300 from $275 at Cowen
HOG Harley-Davidson
$25.10 /

+1.33 (+5.60%)

06/09/20 Wedbush
Harley-Davidson price target raised to $27 from $19 at Wedbush
05/05/20
Fly Intel: Top five analyst upgrades
05/05/20 Argus
Argus upgrades Harley-Davidson to Buy on new strategic plan
05/05/20 Argus
Harley-Davidson upgraded to Buy from Hold at Argus
JWN Nordstrom
$17.63 /

+0.47 (+2.74%)

05/14/20 KeyBanc
Farfetch, Nordstrom, Revolve could be impacted by Amazon offering, says KeyBanc
05/07/20 Deutsche Bank
Nordstrom price target lowered to $18 from $35 at Deutsche Bank
04/30/20 Wedbush
Nordstrom price target lowered to $20 from $36 at Wedbush
03/27/20 Cleveland Research
Nordstrom downgraded at Cleveland Research, says QTD net sales have slowed
ADS Alliance Data
$52.15 /

+4.57 (+9.60%)

05/27/20 Deutsche Bank
Alliance Data price target raised to $60 from $42 at Deutsche Bank
04/27/20 Compass Point
Compass Point upgrades Alliance Data to Buy on COVID positioning
04/27/20 Compass Point
Alliance Data upgraded to Buy from Neutral at Compass Point
04/24/20 Truist
Alliance Data price target raised to $50 from $40 at SunTrust
STRA Strategic Education
$161.52 /

-4.145 (-2.50%)

05/20/20 Sidoti
Strategic Education initiated with a Neutral at Sidoti
02/28/20 Barrington
Strategic Education continues consistent performance, says Barrington
07/31/19 Barrington
Strategic Education price target raised to $210 from $185 at Barrington
QLYS Qualys
$103.16 /

+1.05 (+1.03%)

05/08/20 RBC Capital
Qualys price target raised to $101 from $85 at RBC Capital
05/01/20 Monness Crespi
Qualys downgraded to Neutral following outperformance at Monness Crespi
05/01/20 Monness Crespi
Qualys downgraded to Neutral from Buy at Monness Crespi
04/27/20 JMP Securities
Qualys downgraded to Market Perform from Outperform at JMP Securities
GBCI Glacier Bancorp
$39.32 /

+0.58 (+1.50%)

03/16/20 DA Davidson
Glacier Bancorp upgraded to Buy from Neutral at DA Davidson
03/16/20 DA Davidson
Searching... upgraded to Buy from Neutral at DA Davidson
03/06/20 Truist
SunTrust cuts price targets on Banks amid lower interest rate environment
12/24/19 DA Davidson
Glacier Bancorp price target raised to $48 from $45 at DA Davidson
BBBY Bed Bath & Beyond
$8.10 /

+0.64 (+8.58%)

05/26/20 Odeon Capital
Bed Bath & Beyond upgraded to Buy from Hold at Odeon Capital
04/16/20 Loop Capital
Bed Bath & Beyond Q4 results 'less bad than feared' says Loop Capital
04/08/20 Loop Capital
Bed Bath & Beyond price target lowered to $5 from $12 at Loop Capital
03/23/20 Odeon Capital
Bed Bath & Beyond downgraded to Hold from Buy at Odeon Capital
MTDR Matador
$9.57 /

+1.06 (+12.46%)

06/09/20 MKM Partners
Matador downgraded to Neutral from Buy at MKM Partners
06/09/20 MKM Partners
Matador downgraded to Neutral from Buy at MKM Partners
05/01/20 Imperial Capital
Matador price target raised to $11 from $6 at Imperial Capital
04/16/20 Imperial Capital
Matador price target lowered to $6 from $25 at Imperial Capital
MDRX Allscripts
$6.08 /

+0.22 (+3.75%)

06/11/20 Deutsche Bank
Allscripts price target lowered to $9 from $11 at Deutsche Bank
04/22/20 Jefferies
Allscripts downgraded to Hold due to pressure on customers at Jefferies
04/22/20 Jefferies
Allscripts downgraded to Hold from Buy at Jefferies
04/20/20 RBC Capital
Allscripts initiated with an Outperform at RBC Capital
MIDD Middleby
$73.42 /

+0.57 (+0.78%)

06/02/20 CL King
Middleby resumed with a Buy at CL King
06/02/20 CL King
Middleby resumed with a Buy at CL King
01/17/20 Buckingham
Middleby equimpment may be used for new McDonald's sandwich, says Buckingham
11/07/19 Wellington Shields
Middleby downgraded to Hold from Gradually Accumulate at Great Lakes Review
QDEL Quidel
$172.00 /

+13.66 (+8.63%)

05/12/20
Fly Intel: Top five analyst downgrades
05/12/20 JPMorgan
JPMorgan downgrades Quidel to Underweight on COVID opportunity skepticism
05/12/20 JPMorgan
Quidel downgraded to Underweight from Neutral at JPMorgan
05/07/20 Craig-Hallum
Quidel price target raised to $170 from $125 at Craig-Hallum
KAR KAR Auction
$14.76 /

+0.62 (+4.39%)

05/08/20 JPMorgan
KAR Auction will become 'defensive auto stock,' says JPMorgan
04/23/20 JPMorgan
KAR Auction upgraded to Overweight on end-market resiliency at JPMorgan
04/23/20 JPMorgan
KAR Auction upgraded to Overweight from Neutral at JPMorgan
03/26/20 Barrington
KAR Auction price target lowered to $25 from $35-$40 at Barrington
UNVR Univar
$16.35 /

+0.595 (+3.78%)

03/30/20 Truist
Univar price target lowered to $14 from $28 at SunTrust
03/30/20 Goldman Sachs
Univar upgraded to Buy from Neutral at Goldman Sachs
03/19/20 Wells Fargo
Univar downgraded to Equal Weight from Overweight at Wells Fargo
03/19/20 Wells Fargo
Univar downgraded to Equal Weight from Overweight at Wells Fargo
DNOW NOW Inc.
$8.41 /

+0.675 (+8.73%)

04/14/20 Cowen
NOW Inc. upgraded to Outperform at Cowen
04/14/20 Cowen
NOW Inc. upgraded to Outperform from Market Perform at Cowen
03/11/20 Stifel
MRC Global upgraded to Buy from Hold at Stifel
CAKE Cheesecake Factory
$24.23 /

+2.02 (+9.10%)

06/04/20 Piper Sandler
Cheesecake Factory price target raised to $27 from $23 at Piper Sandler
06/03/20 Stephens
Stephens stays Underweight Cheesecake Factory after reopening update
05/13/20
Fly Intel: Top five analyst downgrades
05/13/20 Stephens
Cheesecake Factory resumed Underweight from Equal Weight at Stephens
REZI Resideo
$9.51 /

+0.79 (+9.06%)

06/08/20 Imperial Capital
Resideo price target raised to $10 from $6 at Imperial Capital
04/28/20 Imperial Capital
Resideo downgraded to In-Line from Outperform at Imperial Capital
04/03/20
Fly Intel: Top five analyst initiations
04/03/20 Roth Capital
Resideo initiated with a Neutral at Roth Capital
TLRD Tailored Brands
$1.27 /

+0.08 (+6.75%)

03/19/20 Deutsche Bank
Tailored Brands price target lowered to $1 from $4 at Deutsche Bank
06/13/19 B. Riley FBR
Tailored Brands price target lowered to $7 from $10 at B. Riley FBR
CBL CBL & Associates
$0.33 /

+0.0203 (+6.49%)

03/26/20 RBC Capital
Cheesecake, AMC news highlight tenants financial stress, says RBC Capital
12/03/19 Stifel
Stifel says CBL Properties dividend suspension likely surprise to some investors
HPR HighPoint Resources
$0.47 /

+0.0434 (+10.29%)

04/07/20 Imperial Capital
HighPoint Resources price target lowered to 50c from $1.50 at Imperial Capital
03/09/20 Truist
HighPoint Resources downgraded to Hold from Buy at SunTrust
02/28/20 Imperial Capital
HighPoint Resources downgraded to In-Line from Outperform at Imperial Capital
10/10/19 Seaport Global
Seaport Global downgrades HighPoint Resources to Neutral among 13 E&P downgrades
TTI Tetra Technologies
$0.50 /

+0.0308 (+6.63%)

03/13/20 Wells Fargo
Drillers downgraded at Wells Fargo on recent sell off in commodity prices
03/13/20 Wells Fargo
Tetra Technologies downgraded to Equal Weight from Overweight at Wells Fargo
03/11/20 B. Riley FBR
B. Riley FBR proclaims end to global E&P offshore recovery, downgrades three
03/11/20 B. Riley FBR
Tetra Technologies downgraded to Neutral from Buy at B. Riley FBR
BSIG BrightSphere
$9.19 /

+0.065 (+0.71%)

05/12/20 Morgan Stanley
BrightSphere upgraded to Equal Weight from Underweight at Morgan Stanley
04/08/20 Morgan Stanley
BrightSphere downgraded to Underweight at Morgan Stanley
04/08/20 Morgan Stanley
BrightSphere downgraded to Underweight from Equal Weight at Morgan Stanley
04/06/20 Keefe Bruyette
BrightSphere downgraded to Market Perform from Outperform at Keefe Bruyette
UNVR Univar
$16.35 /

+0.595 (+3.78%)

TYL Tyler Technologies
$342.51 /

-9.65 (-2.74%)

TTI Tetra Technologies
$0.50 /

+0.0308 (+6.63%)

TLRD Tailored Brands
$1.27 /

+0.08 (+6.75%)

TDY Teledyne
$333.64 /

-8.41 (-2.46%)

STRA Strategic Education
$161.52 /

-4.145 (-2.50%)

REZI Resideo
$9.51 /

+0.79 (+9.06%)

QLYS Qualys
$103.16 /

+1.05 (+1.03%)

QDEL Quidel
$172.00 /

+13.66 (+8.63%)

MTDR Matador
$9.57 /

+1.06 (+12.46%)

MIDD Middleby
$73.42 /

+0.57 (+0.78%)

MDRX Allscripts
$6.08 /

+0.22 (+3.75%)

KAR KAR Auction
$14.76 /

+0.62 (+4.39%)

JWN Nordstrom
$17.63 /

+0.47 (+2.74%)

HPR HighPoint Resources
$0.47 /

+0.0434 (+10.29%)

HOG Harley-Davidson
$25.10 /

+1.33 (+5.60%)

GBCI Glacier Bancorp
$39.32 /

+0.58 (+1.50%)

DNOW NOW Inc.
$8.41 /

+0.675 (+8.73%)

CBL CBL & Associates
$0.33 /

+0.0203 (+6.49%)

CAKE Cheesecake Factory
$24.23 /

+2.02 (+9.10%)

BSIG BrightSphere
$9.19 /

+0.065 (+0.71%)

BIO Bio-Rad
$448.85 /

+9.585 (+2.18%)

BBBY Bed Bath & Beyond
$8.10 /

+0.64 (+8.58%)

ADS Alliance Data
$52.15 /

+4.57 (+9.60%)

TLRD Tailored Brands
$1.27 /

+0.08 (+6.75%)

QLYS Qualys
$103.16 /

+1.05 (+1.03%)

MIDD Middleby
$73.42 /

+0.57 (+0.78%)

KAR KAR Auction
$14.76 /

+0.62 (+4.39%)

JWN Nordstrom
$17.63 /

+0.47 (+2.74%)

HOG Harley-Davidson
$25.10 /

+1.33 (+5.60%)

CBL CBL & Associates
$0.33 /

+0.0203 (+6.49%)

CAKE Cheesecake Factory
$24.23 /

+2.02 (+9.10%)

BBBY Bed Bath & Beyond
$8.10 /

+0.64 (+8.58%)

TTI Tetra Technologies
$0.50 /

+0.0308 (+6.63%)

TLRD Tailored Brands
$1.27 /

+0.08 (+6.75%)

TDY Teledyne
$333.64 /

-8.41 (-2.46%)

QLYS Qualys
$103.16 /

+1.05 (+1.03%)

QDEL Quidel
$172.00 /

+13.66 (+8.63%)

MTDR Matador
$9.57 /

+1.06 (+12.46%)

JWN Nordstrom
$17.63 /

+0.47 (+2.74%)

HOG Harley-Davidson
$25.10 /

+1.33 (+5.60%)

CAKE Cheesecake Factory
$24.23 /

+2.02 (+9.10%)

BBBY Bed Bath & Beyond
$8.10 /

+0.64 (+8.58%)

TLRD Tailored Brands
$1.27 /

+0.08 (+6.75%)

JWN Nordstrom
$17.63 /

+0.47 (+2.74%)

HOG Harley-Davidson
$25.10 /

+1.33 (+5.60%)

CAKE Cheesecake Factory
$24.23 /

+2.02 (+9.10%)

BBBY Bed Bath & Beyond
$8.10 /

+0.64 (+8.58%)

ADS Alliance Data
$52.15 /

+4.57 (+9.60%)

BBBY Bed Bath & Beyond
$8.10 /

+0.64 (+8.58%)

Over a quarter ago
Recommendations
First Interstate price target raised to $35 from $28 at Wells Fargo » 07:58
05/04/20
05/04
07:58
05/04/20
07:58
FIBK

First Interstate

$31.75 /

-2.22 (-6.54%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw raised the firm's price target on First Interstate to $35 from $28 as PPP benefit offsets provision costs this year. The analyst keeps an Overweight rating on the shares.

ShowHide Related Items >><<
FIBK First Interstate
$31.75 /

-2.22 (-6.54%)

04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
Earnings
First Interstate reports Q1 EPS 45c, consensus 64c » 16:12
04/30/20
04/30
16:12
04/30/20
16:12
FIBK

First Interstate

$33.86 /

-0.59 (-1.71%)

The fourth quarter of…

The fourth quarter of 2019 earnings included acquisition costs related to the acquisitions of Idaho Independent Bank and Community 1st Bank, both of which were acquired on April 8, 2019. Mortgage banking revenues increased 67.9% to $13.6 million, for the first quarter of 2020, compared to $8.1 million for the fourth quarter of 2019, and increased 231.7%, from $4.1 million, compared to the first quarter of 2019. Net interest margin ratio, on a fully taxable equivalent basis, decreased to 3.90% for the first quarter of 2020, a four-basis point decrease from the prior quarter and a 14-basis point decrease from the same period in the prior year. "Despite the challenging operating environment, we are pleased that our first quarter results reflect the continuation of our solid core operating performance," said Kevin P. Riley, President and CEO of First Interstate BancSystem, Inc. "We are fortunate that the markets in which we operate have been among the areas of the country least impacted by the COVID-19 pandemic. For those clients that have been impacted by this crisis, we have implemented a number of relief programs to help them during this challenging period, including quickly providing them with access to the Small Business Administration's PPP. As the second round of PPP funding begins, our bankers are working diligently to assist both existing and new clients with their applications.

ShowHide Related Items >><<
FIBK First Interstate
$33.86 /

-0.59 (-1.71%)

04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
Earnings
Glacier Bancorp reports Q1 EPS 46c, consensus 50c » 16:34
04/23/20
04/23
16:34
04/23/20
16:34
GBCI

Glacier Bancorp

$32.25 /

+0.32 (+1.00%)

The current quarter net…

The current quarter net interest income of $134M decreased $2.1M, or 2%, over the prior quarter and increased $19.2M, or 17%, from the prior year first quarter. The current quarter interest income of $143M decreased $2.4M, or 2%, over the prior quarter which was driven primarily by a decrease in loan interest rates. The current quarter interest income increased $16.7 million, or 13 percent, over prior year first quarter and was attributable to an increase in interest income on commercial loans due to an increase in loans, which increased $15.1 million, or 18 percent, from the prior year first quarter. The Company's first quarter net income results were significantly impacted by adoption of the CECL accounting standard. The Company chose to adopt the standard on January 1, 2020, rather than delay the adoption as allowed by the Coronavirus Aid, Relief, and Economic Security Act, since the Company was operationally prepared and already internally reporting under the CECL method. As a result, the following items impacted the results in the first quarter 2020: a $12.3 million reduction in retained earnings upon adoption of the standard.

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GBCI Glacier Bancorp
$32.25 /

+0.32 (+1.00%)

03/16/20 DA Davidson
Glacier Bancorp upgraded to Buy from Neutral at DA Davidson
03/16/20 DA Davidson
Searching... upgraded to Buy from Neutral at DA Davidson
03/06/20 Truist
SunTrust cuts price targets on Banks amid lower interest rate environment
12/24/19 DA Davidson
Glacier Bancorp price target raised to $48 from $45 at DA Davidson
Upgrade
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette » 11:55
04/01/20
04/01
11:55
04/01/20
11:55
FIBK

First Interstate

$27.41 /

-1.41 (-4.89%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Jacquelynne Bohlen upgraded First Interstate to Outperform from Market Perform with a $39 price target.

ShowHide Related Items >><<
FIBK First Interstate
$27.41 /

-1.41 (-4.89%)

04/11/19 Baird
First Interstate assumed with a Neutral at Baird
Hot Stocks
First Interstate says has enhanced oversight and monitoring of credit portfolio » 15:22
03/23/20
03/23
15:22
03/23/20
15:22
FIBK

First Interstate

$26.71 /

+0.68 (+2.61%)

In a regulatory filing…

In a regulatory filing earlier, First Interstate said: "Although we have not seen any material impacts to our clients at this time, we have enhanced our oversight and monitoring of our credit portfolio." In presentation slides, First Insterstate said it has "no hotel loan with a balance greater than $20M" and that "approximately $162M of Hotel Portfolio Commitments are Construction loans to be completed later in 2020."

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FIBK First Interstate
$26.71 /

+0.68 (+2.61%)

04/11/19 Baird
First Interstate assumed with a Neutral at Baird
Syndicate
First Interstate files automatic mixed securities shelf  17:32
03/16/20
03/16
17:32
03/16/20
17:32
FIBK

First Interstate

$25.89 /

-2.31 (-8.19%)

 
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FIBK First Interstate
$25.89 /

-2.31 (-8.19%)

04/11/19 Baird
First Interstate assumed with a Neutral at Baird
Upgrade
Glacier Bancorp upgraded to Buy from Neutral at DA Davidson » 07:48
03/16/20
03/16
07:48
03/16/20
07:48
GBCI

Glacier Bancorp

$31.61 /

+4.92 (+18.43%)

DA Davidson analyst Jeff…

DA Davidson analyst Jeff Rulis upgraded Glacier Bancorp to Buy from Neutral with a price target of $36, down from $48. The analyst cites a "rare opportunity" to buy shares of an outperforming franchise with a consistent, long term, successful performance in growth markets, a highly effective M&A strategy, and a balanced business model.

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GBCI Glacier Bancorp
$31.61 /

+4.92 (+18.43%)

03/16/20 DA Davidson
Searching... upgraded to Buy from Neutral at DA Davidson
03/06/20 Truist
SunTrust cuts price targets on Banks amid lower interest rate environment
12/24/19 DA Davidson
Glacier Bancorp price target raised to $48 from $45 at DA Davidson

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