Barclays PLC boosted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 97.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,729 shares of the bank’s stock after acquiring an additional 12,235 shares during the quarter. Barclays PLC’s holdings in Glacier Bancorp were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Motco bought a new position in Glacier Bancorp in the first quarter valued at $152,000. First Allied Advisory Services Inc. purchased a new stake in Glacier Bancorp during the fourth quarter valued at about $206,000. Zeke Capital Advisors LLC purchased a new stake in Glacier Bancorp during the fourth quarter valued at about $211,000. Wolverine Trading LLC purchased a new stake in Glacier Bancorp during the fourth quarter valued at about $218,000. Finally, Advisor Group Inc. boosted its position in Glacier Bancorp by 34.6% during the fourth quarter. Advisor Group Inc. now owns 5,857 shares of the bank’s stock valued at $231,000 after buying an additional 1,505 shares during the period. 77.21% of the stock is currently owned by institutional investors and hedge funds.
Glacier Bancorp opened at $40.86 on Monday, according to Marketbeat.com. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. Glacier Bancorp, Inc. has a 12-month low of $31.38 and a 12-month high of $41.47. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.91 and a beta of 1.32.
Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results 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). The business had revenue of $121.38 million for the quarter, compared to analysts’ expectations of $129.25 million. Glacier Bancorp had a net margin of 24.58% and a return on equity of 11.31%. During the same quarter in the previous year, the company earned $0.41 earnings per share. sell-side analysts predict that Glacier Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.
Several analysts have issued reports on GBCI shares. BidaskClub lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. ValuEngine lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. DA Davidson cut their price target on shares of Glacier Bancorp from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 23rd. Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Finally, Sandler O’Neill restated a “hold” rating and set a $41.00 price target on shares of Glacier Bancorp in a research report on Thursday, March 29th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $41.00.
Glacier Bancorp Profile
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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