Davidson Investment Advisors continued to hold its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,595 shares of the bank’s stock at the close of the 2nd quarter. Davidson Investment Advisors’ holdings in Glacier Bancorp were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in Glacier Bancorp by 4.9% during the 2nd quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after purchasing an additional 134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Glacier Bancorp by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after purchasing an additional 283 shares during the period. PNC Financial Services Group Inc. increased its position in Glacier Bancorp by 34.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after purchasing an additional 947 shares during the period. Fiduciary Trust Co. acquired a new stake in Glacier Bancorp during the 2nd quarter valued at approximately $183,000. Finally, Woodstock Corp acquired a new stake in Glacier Bancorp during the 2nd quarter valued at approximately $211,000. 80.86% of the stock is owned by institutional investors and hedge funds.

GBCI has been the subject of a number of recent analyst reports. BidaskClub raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Monday, June 26th. Keefe, Bruyette & Woods set a $36.00 target price on shares of Glacier Bancorp and gave the company a “hold” rating in a research report on Monday, June 26th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $37.00 target price on shares of Glacier Bancorp in a research report on Wednesday, July 12th.

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Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up 0.71% during trading on Tuesday, hitting $34.21. The company’s stock had a trading volume of 54,167 shares. The firm has a 50 day moving average of $33.63 and a 200 day moving average of $34.35. The firm has a market cap of $2.67 billion, a P/E ratio of 20.73 and a beta of 1.45. Glacier Bancorp, Inc. has a 12 month low of $27.31 and a 12 month high of $38.17.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. The business had revenue of $113.91 million for the quarter, compared to analysts’ expectations of $115.60 million. During the same period last year, the firm posted $0.40 earnings per share. Equities research analysts predict that Glacier Bancorp, Inc. will post $1.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.84 annualized dividend and a dividend yield of 2.47%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 50.91%.

About Glacier Bancorp

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.

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

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