Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Purchased by GW&K Investment Management LLC

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GW&K Investment Management LLC lifted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,394,912 shares of the bank’s stock after purchasing an additional 130,966 shares during the quarter. Glacier Bancorp comprises about 0.8% of GW&K Investment Management LLC’s holdings, making the stock its 22nd largest holding. GW&K Investment Management LLC owned 1.61% of Glacier Bancorp worth $56,438,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quest Capital Management Inc. ADV acquired a new stake in shares of Glacier Bancorp in the third quarter valued at approximately $31,000. Benjamin Edwards Inc. increased its holdings in shares of Glacier Bancorp by 27.7% in the second quarter. Benjamin Edwards Inc. now owns 2,602 shares of the bank’s stock valued at $106,000 after purchasing an additional 565 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Glacier Bancorp in the second quarter valued at approximately $120,000. Atria Investments LLC acquired a new stake in shares of Glacier Bancorp in the second quarter valued at approximately $789,000. Finally, Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Glacier Bancorp in the third quarter valued at approximately $205,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

GBCI stock traded up $0.02 during midday trading on Friday, hitting $44.16. 207,200 shares of the company’s stock were exchanged, compared to its average volume of 298,050. The stock has a market capitalization of $4.02 billion, a PE ratio of 20.35 and a beta of 1.16. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $41.42 and a two-hundred day simple moving average of $40.62. Glacier Bancorp, Inc. has a 1-year low of $36.84 and a 1-year high of $47.67.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, October 17th. The bank reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.02). Glacier Bancorp had a return on equity of 12.65% and a net margin of 30.85%. The firm had revenue of $174.50 million for the quarter, compared to analyst estimates of $157.11 million. As a group, research analysts expect that Glacier Bancorp, Inc. will post 2.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.27. Glacier Bancorp’s payout ratio is 53.46%.

GBCI has been the subject of several recent research reports. ValuEngine cut Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Monday, November 4th. SunTrust Banks cut their target price on Glacier Bancorp from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. BidaskClub raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, October 5th. Finally, Stephens set a $40.00 target price on Glacier Bancorp and gave the stock a “hold” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Glacier Bancorp currently has an average rating of “Hold” and an average price target of $41.67.

Glacier Bancorp 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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