Technical Trade-of-the-Week: Glacier Bancoup Inc. (GBCI)

By Tech_Spec
21-July-2018 4:50:28 PM

This week’s Technical Trade-of-the-week is Glacier Bancoup Inc. (GBCI). This mid-size financial institution operates as the 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 deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; second mortgage loans; home equity loans consisting of 1-4 family junior lien mortgages, and first and junior lien lines of credit secured by residential real estate; and agriculture loans.

Key fundamentals are:
Trailing P/E: 27.26, Forward P/E: 18.18, EPS: 1.57
Beta: 1.06, PEG: 1.86
P/S: 7.83, P/B: 2.49, Profit margin: 26.72%, Operating margin: 43.23%
ROA: 1.17%, ROE: 9.55%, Quarterly revenue growth: 15.60%
Quarterly earnings growth: 23.40%
Annual dividend yield: 2.13%
Additional fundamental data:

Key technicals are:
Recently broke out of a 9-month consolidation
New 52-week high
New all-time high
Buying momentum (RSI) is positive and rising
Buying volume is neutral
1st support level is $40.70
The safety stop is at $39.80
The target is $48.90
Suggested buying approach: Accumulate at the current price level. Should the stock pullback, as long as GBCI is above the safety stop, wait for confirmation of support and then add to the position is desired. Always use a 3% trailing stop.

Additional trading ideas and research are on

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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