Public Employees Retirement System of Ohio decreased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 97.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,651 shares of the bank’s stock after selling 86,286 shares during the period. Public Employees Retirement System of Ohio’s holdings in Glacier Bancorp were worth $100,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mutual of America Capital Management LLC increased its holdings in shares of Glacier Bancorp by 2.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 160,380 shares of the bank’s stock valued at $6,056,000 after acquiring an additional 4,399 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Glacier Bancorp by 1.5% during the 2nd quarter. California Public Employees Retirement System now owns 180,500 shares of the bank’s stock valued at $6,608,000 after acquiring an additional 2,600 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Glacier Bancorp by 11.0% in the 3rd quarter. Wells Fargo & Company MN now owns 304,006 shares of the bank’s stock valued at $11,479,000 after buying an additional 30,019 shares during the last quarter. Northern Trust Corp grew its holdings in Glacier Bancorp by 7.5% in the 2nd quarter. Northern Trust Corp now owns 1,375,756 shares of the bank’s stock valued at $50,366,000 after buying an additional 96,330 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Glacier Bancorp by 6.0% in the 2nd quarter. Teachers Advisors LLC now owns 137,408 shares of the bank’s stock valued at $5,031,000 after buying an additional 7,746 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael J. Blodnick sold 25,338 shares of Glacier Bancorp stock in a transaction that occurred on 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 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 the SEC website. Also, insider Don J. Chery sold 12,000 shares of Glacier Bancorp stock in a transaction that occurred on 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 directly owns 30,270 shares in the company, valued at approximately $1,159,038.30. 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 in the last three months. 0.65% of the stock is owned by insiders.

GBCI has been the topic of a number of research analyst reports. SunTrust Banks set a $41.00 target price on Glacier Bancorp and gave the company a “buy” rating in a report on Saturday, October 21st. Zacks Investment Research raised Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Monday, January 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 target price on shares of Glacier Bancorp in a report on Friday, December 22nd. Piper Jaffray Companies set a $38.00 target price on Glacier Bancorp and gave the company a “hold” rating in a report on Saturday, October 21st. Finally, BidaskClub lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Glacier Bancorp presently has an average rating of “Hold” and an average target price of $41.25.

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) opened at $38.48 on Tuesday. The stock has a market capitalization of $3,000.00, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24. 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 released its earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $120.00 million for the quarter, compared to analyst estimates of $121.07 million. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%. equities research analysts forecast that Glacier Bancorp, Inc. will post 1.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Tuesday, December 5th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Monday, December 4th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 49.12%.

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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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