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Glacier Bancorp - Chart Of The Day

Jul. 02, 2013 6:03 PM ETGBCI
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Long Only, Momentum, Portfolio Strategy

Seeking Alpha Analyst Since 2009

Jim Van Meerten writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.

The Chart of the Day is Glacier Bancorp (GBCI). If the stock looks familiar it's because it was the Chart of the Day back on 2/27 and has since gone up 34.05%. The stock hit 17 new highs and is up 19.29% in the past month. The Relative Strength Index is 79.53%. The stock was on theNew High List.

The Bank operates as holding company for Glacier Bank, which provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in Montana, Idaho, Wyoming, Colorado, Utah, and Washington. The Banks deposit products include non-interest bearing demand accounts, interest bearing checking accounts, regular statement savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, individual retirement accounts, and reciprocal deposits. It operates 108 locations, including 99 branches.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 19.29% in the last month
  • Relative Strength Index 79.53%
  • Barchart computes a technical support level at 22.75
  • Recently traded at 23.19 with a 50 day moving average of 19.81

Fundamental factors:


  • Market Cap $16.7 billion
  • P/E 19.99
  • Dividend yield 2.52%
  • Revenue projected to grow 4.20% this year and another 7.60% next year
  • Earnings estimated to increase 15.20% this year, an additional 10.70% next year and continue to grow annually by 10.00% for the next 5 years
  • Wall Street analysts issued 1 buy and 7 hold recommendations
  • Financial Strength B

This stock has risen about 56.75% YTD so watch the moving averages closely to see when it runs out of steam.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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