Financial Advocates Investment Management acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,905 shares of the bank’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Glacier Bancorp by 45.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock valued at $182,000 after buying an additional 1,454 shares during the last quarter. Fiduciary Trust Co. bought a new position in Glacier Bancorp in the 4th quarter valued at $203,000. First Allied Advisory Services Inc. bought a new position in Glacier Bancorp in the 4th quarter valued at $206,000. Zeke Capital Advisors LLC bought a new position in Glacier Bancorp in the 4th quarter valued at $211,000. Finally, Wolverine Trading LLC bought a new position in Glacier Bancorp in the 4th quarter valued at $218,000. Hedge funds and other institutional investors own 81.75% of the company’s stock.

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Glacier Bancorp, Inc. (NASDAQ GBCI) opened at $38.73 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a market capitalization of $3,390.40, a price-to-earnings ratio of 22.93, a PEG ratio of 1.79 and a beta of 1.34. Glacier Bancorp, Inc. has a 12 month low of $31.38 and a 12 month high of $41.24.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). The company had revenue of $117.54 million during the quarter, compared to analyst estimates of $122.23 million. Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. sell-side analysts forecast that Glacier Bancorp, Inc. will post 2.25 earnings per share for the current year.

A number of research analysts have commented on GBCI shares. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Monday, January 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $41.00 price objective on shares of Glacier Bancorp in a research report on Friday, December 22nd. BidaskClub lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $43.00 price objective on shares of Glacier Bancorp in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.25.

In other news, Director James M. English sold 5,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $41.01, for a total value of $205,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

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Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 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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