Mason Street Advisors LLC increased its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 22,019 shares of the bank’s stock after purchasing an additional 1,732 shares during the period. Mason Street Advisors LLC’s holdings in Glacier Bancorp were worth $845,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Glacier Bancorp by 2.3% in the first quarter. BlackRock Inc. now owns 10,799,306 shares of the bank’s stock worth $414,478,000 after buying an additional 247,711 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Glacier Bancorp by 11.2% in the first quarter. Neuberger Berman Group LLC now owns 2,375,112 shares of the bank’s stock worth $91,157,000 after buying an additional 239,163 shares in the last quarter. Standard Life Aberdeen plc lifted its position in shares of Glacier Bancorp by 3.1% in the fourth quarter. Standard Life Aberdeen plc now owns 2,317,894 shares of the bank’s stock worth $91,302,000 after buying an additional 69,948 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Glacier Bancorp by 12.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,258,782 shares of the bank’s stock worth $88,974,000 after buying an additional 253,840 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Glacier Bancorp by 1.5% in the first quarter. Northern Trust Corp now owns 1,442,468 shares of the bank’s stock worth $55,363,000 after buying an additional 21,528 shares in the last quarter. Institutional investors own 77.25% of the company’s stock.
GBCI has been the topic of several analyst reports. Zacks Investment Research cut Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Sandler O’Neill reissued a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a research note on Thursday, March 29th. ValuEngine raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. DA Davidson cut their target price on Glacier Bancorp from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 23rd. Finally, BidaskClub cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.00.
Shares of Glacier Bancorp opened at $40.87 on Tuesday, Marketbeat reports. Glacier Bancorp, Inc. has a 52-week low of $31.38 and a 52-week high of $41.47. The company has a market capitalization of $3.48 billion, a P/E ratio of 23.35, a PEG ratio of 1.91 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, April 19th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.03). Glacier Bancorp had a return on equity of 11.31% and a net margin of 24.58%. The firm had revenue of $121.38 million during the quarter, compared to the consensus estimate of $129.25 million. During the same period last year, the company earned $0.41 EPS. equities research analysts predict that Glacier Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.
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 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.
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