Virginia Retirement Systems ET AL acquired a new stake in Glacier Bancorp Inc. (NASDAQ:GBCI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 51,000 shares of the company’s stock, valued at approximately $1,356,000. Virginia Retirement Systems ET AL owned 0.07% of Glacier Bancorp as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in shares of Glacier Bancorp during the second quarter worth about $117,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Glacier Bancorp during the second quarter worth about $120,000. Strs Ohio raised its stake in shares of Glacier Bancorp by 20.5% in the second quarter. Strs Ohio now owns 4,700 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Gray Financial Group GA ADV ADV bought a new stake in shares of Glacier Bancorp during the second quarter worth about $193,000. Finally, BlackRock Inc. raised its stake in shares of Glacier Bancorp by 52.3% in the first quarter. BlackRock Inc. now owns 8,203 shares of the company’s stock worth $208,000 after buying an additional 2,816 shares in the last quarter. 75.60% of the stock is owned by institutional investors.
Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) opened at 28.34 on Wednesday. The company has a 50 day moving average price of $28.86 and a 200 day moving average price of $26.92. Glacier Bancorp Inc. has a 12-month low of $21.90 and a 12-month high of $30.12. The company has a market capitalization of $2.16 billion, a P/E ratio of 18.20 and a beta of 1.56.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, July 21st. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Glacier Bancorp had a net margin of 27.17% and a return on equity of 10.82%. Equities analysts anticipate that Glacier Bancorp Inc. will post $1.62 EPS for the current year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. FIG Partners lowered shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $27.60.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company 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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