Hsbc Holdings PLC grew its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 100.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,319 shares of the bank’s stock after purchasing an additional 49,301 shares during the quarter. Hsbc Holdings PLC owned approximately 0.12% of Glacier Bancorp worth $3,886,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank acquired a new stake in shares of Glacier Bancorp in the 4th quarter valued at about $39,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Glacier Bancorp by 155.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,039 shares of the bank’s stock valued at $120,000 after purchasing an additional 1,850 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Glacier Bancorp by 52.7% in the 4th quarter. LS Investment Advisors LLC now owns 3,622 shares of the bank’s stock valued at $144,000 after purchasing an additional 1,250 shares in the last quarter. Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter valued at about $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Glacier Bancorp by 11.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the bank’s stock valued at $225,000 after purchasing an additional 564 shares in the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.
GBCI has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Glacier Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. ValuEngine lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 20th. Stephens started coverage on shares of Glacier Bancorp in a research note on Monday, January 14th. They issued an “equal weight” rating and a $42.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Glacier Bancorp currently has an average rating of “Hold” and an average price target of $43.00.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, January 24th. The bank reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.02). The business had revenue of $144.37 million for the quarter, compared to analyst estimates of $148.02 million. Glacier Bancorp had a return on equity of 12.33% and a net margin of 30.94%. Sell-side analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.
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About Glacier Bancorp
Glacier Bancorp, Inc 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 non-interest bearing deposit and interest bearing deposit accounts, such as 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.
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