GW&K Investment Management LLC Purchases 85,261 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

GW&K Investment Management LLC lifted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,308,244 shares of the bank’s stock after purchasing an additional 85,261 shares during the quarter. Glacier Bancorp accounts for approximately 0.9% of GW&K Investment Management LLC’s investment portfolio, making the stock its 25th largest position. GW&K Investment Management LLC owned 1.68% of Glacier Bancorp worth $51,532,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. TRUE Private Wealth Advisors boosted its stake in Glacier Bancorp by 51.2% during the fourth quarter. TRUE Private Wealth Advisors now owns 21,716 shares of the bank’s stock worth $855,000 after buying an additional 7,355 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Glacier Bancorp by 8.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 454,718 shares of the bank’s stock worth $17,912,000 after buying an additional 33,584 shares during the period. Louisiana State Employees Retirement System boosted its stake in Glacier Bancorp by 6.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the bank’s stock worth $1,324,000 after buying an additional 2,000 shares during the period. Skylands Capital LLC lifted its position in shares of Glacier Bancorp by 22.1% during the fourth quarter. Skylands Capital LLC now owns 96,350 shares of the bank’s stock worth $3,795,000 after purchasing an additional 17,450 shares during the last quarter. Finally, Trust Co lifted its position in shares of Glacier Bancorp by 21.6% during the third quarter. Trust Co now owns 9,850 shares of the bank’s stock worth $372,000 after purchasing an additional 1,750 shares during the last quarter. 81.56% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Michael J. Blodnick sold 25,338 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $38.38, for a total transaction of $972,472.44. Following the sale, the director now owns 25,497 shares in the company, valued at $978,574.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Don J. Chery sold 12,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $38.29, for a total value of $459,480.00. Following the sale, the insider now owns 30,270 shares in the company, valued at approximately $1,159,038.30. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Several analysts have recently weighed in on GBCI shares. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Monday, January 1st. SunTrust Banks reiterated a “buy” rating and set a $43.00 target price on shares of Glacier Bancorp in a research report on Tuesday, January 9th. BidaskClub upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 price objective on shares of Glacier Bancorp in a report on Friday, December 22nd. Finally, Piper Jaffray Companies set a $38.00 price objective on Glacier Bancorp and gave the company a “hold” rating in a report on Saturday, October 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.25.

Glacier Bancorp, Inc. (NASDAQ:GBCI) opened at $37.88 on Friday. The company has a market cap of $2,954.91, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Glacier Bancorp, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $41.23.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, January 25th. The bank reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). The firm had revenue of $117.54 million during the quarter, compared to the consensus estimate of $122.23 million. Glacier Bancorp had a return on equity of 11.46% and a net margin of 23.88%. equities analysts predict that Glacier Bancorp, Inc. will post 2.25 EPS for the current fiscal year.

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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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