Swiss National Bank Acquires 3,300 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

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Swiss National Bank increased its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,300 shares of the bank’s stock after acquiring an additional 3,300 shares during the period. Swiss National Bank owned about 0.18% of Glacier Bancorp worth $6,379,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in Glacier Bancorp by 3.7% in the first quarter. Bank of Montreal Can now owns 6,776 shares of the bank’s stock valued at $271,000 after purchasing an additional 243 shares during the last quarter. Creative Planning lifted its position in shares of Glacier Bancorp by 5.4% during the first quarter. Creative Planning now owns 5,665 shares of the bank’s stock worth $227,000 after acquiring an additional 290 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Glacier Bancorp by 4.8% during the second quarter. Janney Montgomery Scott LLC now owns 6,546 shares of the bank’s stock worth $265,000 after acquiring an additional 301 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Glacier Bancorp by 1.1% during the second quarter. State of Alaska Department of Revenue now owns 28,794 shares of the bank’s stock worth $1,167,000 after acquiring an additional 304 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Glacier Bancorp by 1.9% during the second quarter. Aperio Group LLC now owns 21,186 shares of the bank’s stock worth $859,000 after acquiring an additional 388 shares in the last quarter. 77.19% of the stock is owned by institutional investors.

Several research firms have issued reports on GBCI. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. BidaskClub downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Glacier Bancorp has a consensus rating of “Hold” and an average target price of $43.67.

Glacier Bancorp stock opened at $38.22 on Wednesday. The stock has a market cap of $3.38 billion, a P/E ratio of 17.61, a PEG ratio of 1.62 and a beta of 1.16. Glacier Bancorp, Inc. has a fifty-two week low of $36.84 and a fifty-two week high of $47.67. The firm’s fifty day moving average price is $39.76 and its 200-day moving average price is $40.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, July 18th. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $151.13 million for the quarter, compared to analysts’ expectations of $151.63 million. Glacier Bancorp had a net margin of 31.97% and a return on equity of 13.02%. Sell-side analysts predict that Glacier Bancorp, Inc. will post 2.4 earnings per share for the current year.

In related news, Director David C. Boyles sold 25,399 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $40.32, for a total value of $1,024,087.68. Following the transaction, the director now owns 1,218 shares of the company’s stock, valued at $49,109.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

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

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