Glacier Bancorp, Inc. (GBCI) Shares Bought by TRUE Private Wealth Advisors
TRUE Private Wealth Advisors lifted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 51.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,716 shares of the bank’s stock after acquiring an additional 7,355 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Glacier Bancorp were worth $855,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of GBCI. Schwab Charles Investment Management Inc. boosted its stake in shares of Glacier Bancorp by 2.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 395,892 shares of the bank’s stock worth $14,494,000 after acquiring an additional 9,858 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Glacier Bancorp by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock worth $116,000 after acquiring an additional 283 shares during the period. Swiss National Bank boosted its stake in shares of Glacier Bancorp by 2.0% during the 2nd quarter. Swiss National Bank now owns 128,500 shares of the bank’s stock worth $4,704,000 after acquiring an additional 2,500 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Glacier Bancorp by 16.2% during the 2nd quarter. Wells Fargo & Company MN now owns 273,987 shares of the bank’s stock worth $10,031,000 after acquiring an additional 38,264 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in shares of Glacier Bancorp by 65.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,124 shares of the bank’s stock worth $224,000 after acquiring an additional 2,424 shares during the period. Institutional investors own 81.57% of the company’s stock.
Several brokerages have recently commented on GBCI. Zacks Investment Research downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. SunTrust Banks restated a “buy” rating and issued a $42.00 price target on shares of Glacier Bancorp in a research note on Wednesday, November 29th. BidaskClub downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price target on shares of Glacier Bancorp in a research note on Friday, September 29th. Finally, Piper Jaffray Companies set a $38.00 price target on Glacier Bancorp and gave the company a “hold” rating in a research note on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $41.25.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $120.00 million during 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%. sell-side analysts predict that Glacier Bancorp, Inc. will post 1.77 EPS for the current year.
In other Glacier Bancorp news, Director Michael J. Blodnick sold 25,338 shares of Glacier Bancorp stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $38.38, for a total value of $972,472.44. Following the completion of the transaction, the director now directly owns 25,497 shares of the company’s stock, valued at approximately $978,574.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Blodnick sold 45,060 shares of Glacier Bancorp stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total value of $1,706,872.80. Following the completion of the transaction, the director now directly owns 27,576 shares of the company’s stock, valued at $1,044,578.88. The disclosure for this sale can be found here. Insiders sold a total of 82,398 shares of company stock valued at $3,138,825 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.
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Glacier Bancorp Company 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.
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