Westwood Holdings Group Inc. increased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,320 shares of the bank’s stock after buying an additional 29,390 shares during the period. Westwood Holdings Group Inc. owned 0.54% of Glacier Bancorp worth $13,922,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC raised its position in Glacier Bancorp by 6.6% in the first quarter. Highbridge Capital Management LLC now owns 8,011 shares of the bank’s stock valued at $272,000 after buying an additional 496 shares during the period. State Street Corp raised its position in Glacier Bancorp by 25.8% in the first quarter. State Street Corp now owns 3,003,305 shares of the bank’s stock valued at $101,899,000 after buying an additional 615,216 shares during the period. Bank of America Corp DE raised its position in Glacier Bancorp by 25.1% in the first quarter. Bank of America Corp DE now owns 278,638 shares of the bank’s stock valued at $9,454,000 after buying an additional 55,989 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Glacier Bancorp during the first quarter valued at approximately $505,000. Finally, Schwab Charles Investment Management Inc. raised its position in Glacier Bancorp by 11.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 386,034 shares of the bank’s stock valued at $13,099,000 after buying an additional 39,884 shares during the period. 80.42% of the stock is currently owned by institutional investors.
Glacier Bancorp, Inc. (GBCI) traded down 1.27% on Thursday, reaching $35.05. The company’s stock had a trading volume of 231,262 shares. The stock has a 50 day moving average price of $34.19 and a 200-day moving average price of $34.98. Glacier Bancorp, Inc. has a 1-year low of $24.58 and a 1-year high of $38.17. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 21.65 and a beta of 1.48.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, April 20th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The firm had revenue of $105.95 million during the quarter, compared to analysts’ expectations of $112.10 million. Glacier Bancorp had a net margin of 27.12% and a return on equity of 10.94%. During the same period in the prior year, the company posted $0.38 earnings per share. Equities analysts predict that Glacier Bancorp, Inc. will post $1.77 earnings per share for the current fiscal year.
Several research firms have commented on GBCI. BidaskClub raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, Piper Jaffray Companies cut their price objective on Glacier Bancorp from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, April 17th.
In other Glacier Bancorp news, Director James M. English sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $36.65, for a total transaction of $91,625.00. Following the completion of the transaction, the director now owns 20,181 shares of the company’s stock, valued at approximately $739,633.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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