Wells Fargo & Company MN boosted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,546 shares of the bank’s stock after acquiring an additional 2,982 shares during the quarter. Wells Fargo & Company MN owned 0.32% of Glacier Bancorp worth $11,254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Board of Administration of Florida Retirement System lifted its holdings in shares of Glacier Bancorp by 8.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 68,257 shares of the bank’s stock worth $2,768,000 after purchasing an additional 5,392 shares during the period. Kahn Brothers Group Inc. DE acquired a new position in Glacier Bancorp in the second quarter valued at approximately $749,000. Hillsdale Investment Management Inc. lifted its stake in Glacier Bancorp by 28.5% in the second quarter. Hillsdale Investment Management Inc. now owns 17,600 shares of the bank’s stock valued at $714,000 after buying an additional 3,900 shares during the period. Swiss National Bank boosted its holdings in shares of Glacier Bancorp by 2.1% during the 2nd quarter. Swiss National Bank now owns 157,300 shares of the bank’s stock worth $6,379,000 after buying an additional 3,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Glacier Bancorp by 7.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 468,604 shares of the bank’s stock worth $19,002,000 after buying an additional 31,592 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Shares of GBCI stock traded up $0.47 on Wednesday, reaching $40.58. 16,898 shares of the company were exchanged, compared to its average volume of 294,553. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day moving average of $39.73 and a 200-day moving average of $40.66. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.66 and a beta of 1.18. Glacier Bancorp, Inc. has a one year low of $36.84 and a one year high of $47.67.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, July 18th. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Glacier Bancorp had a return on equity of 13.02% and a net margin of 31.97%. The business had revenue of $151.13 million during the quarter, compared to analyst estimates of $151.63 million. As a group, sell-side analysts predict that Glacier Bancorp, Inc. will post 2.4 EPS for the current year.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. BidaskClub downgraded shares of 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 stock. The company presently has a consensus rating of “Hold” and an average target price of $43.67.

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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