Dean Investment Associates LLC increased its stake in Glacier Bancorp (NASDAQ:GBCI) by 17.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,310 shares of the bank’s stock after acquiring an additional 21,655 shares during the period. Dean Investment Associates LLC owned approximately 0.17% of Glacier Bancorp worth $5,500,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBCI. Motco purchased a new position in Glacier Bancorp in the first quarter worth about $152,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Glacier Bancorp by 45.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock worth $182,000 after acquiring an additional 1,454 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Glacier Bancorp in the fourth quarter worth about $203,000. First Allied Advisory Services Inc. purchased a new position in Glacier Bancorp in the fourth quarter worth about $206,000. Finally, Zeke Capital Advisors LLC purchased a new position in Glacier Bancorp in the fourth quarter worth about $211,000. Institutional investors own 77.20% of the company’s stock.
Shares of Glacier Bancorp opened at $39.37 on Monday, Marketbeat Ratings reports. Glacier Bancorp has a 1 year low of $31.38 and a 1 year high of $41.24. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.
In other news, Director James M. English sold 5,000 shares of Glacier Bancorp stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $41.01, for a total transaction of $205,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by insiders.
Several brokerages have issued reports on GBCI. BidaskClub upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. ValuEngine lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. DA Davidson dropped their target price on Glacier Bancorp from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 23rd. Finally, Sandler O’Neill restated a “hold” rating and set a $41.00 target price on shares of Glacier Bancorp in a research report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.
Glacier Bancorp Company 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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