GW&K Investment Management LLC Grows Position in Glacier Bancorp, Inc. (GBCI)

GW&K Investment Management LLC lifted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,308,244 shares of the bank’s stock after acquiring an additional 85,261 shares during the period. Glacier Bancorp accounts for approximately 0.9% of GW&K Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding. GW&K Investment Management LLC owned about 1.68% of Glacier Bancorp worth $51,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Glacier Bancorp by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after acquiring an additional 283 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Glacier Bancorp by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after acquiring an additional 947 shares during the period. Advisor Group Inc. increased its position in shares of Glacier Bancorp by 23.7% in the 2nd quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after acquiring an additional 744 shares during the period. GWM Advisors LLC acquired a new position in shares of Glacier Bancorp in the 2nd quarter valued at $199,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Glacier Bancorp in the 3rd quarter valued at $209,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on GBCI. BidaskClub downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised Glacier Bancorp from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and set a $43.00 price target on shares of Glacier Bancorp in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $41.00 price target on shares of Glacier Bancorp in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.25.

Shares of Glacier Bancorp, Inc. (GBCI) traded up $0.79 on Friday, reaching $39.91. The company’s stock had a trading volume of 309,364 shares, compared to its average volume of 315,254. The firm has a market cap of $3,111.70, a P/E ratio of 23.20, a P/E/G ratio of 1.84 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp, Inc. has a 12 month low of $31.38 and a 12 month high of $41.23.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $120.00 million for the quarter, compared to the consensus estimate of $121.07 million. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%. analysts predict that Glacier Bancorp, Inc. will post 1.77 earnings per share for the current fiscal year.

In other Glacier Bancorp news, insider Don J. Chery sold 12,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $38.29, for a total transaction of $459,480.00. Following the sale, the insider now directly owns 30,270 shares of the company’s stock, valued at approximately $1,159,038.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Blodnick sold 25,338 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $38.38, for a total value of $972,472.44. Following the sale, the director now directly owns 25,497 shares in the company, valued at $978,574.86. The disclosure for this sale can be found here. Insiders have sold a total of 82,398 shares of company stock worth $3,138,825 over the last ninety days. 0.65% of the stock is owned by insiders.

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Glacier Bancorp Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.

Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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