SG Americas Securities LLC Purchases 728 Shares of Glacier Bancorp, Inc. (GBCI)

SG Americas Securities LLC raised its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,100 shares of the bank’s stock after buying an additional 728 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Glacier Bancorp worth $2,480,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in Glacier Bancorp by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 8,480 shares of the bank’s stock worth $287,000 after buying an additional 180 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Glacier Bancorp by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 10,390 shares of the bank’s stock valued at $353,000 after buying an additional 350 shares during the period. Teachers Advisors LLC increased its stake in shares of Glacier Bancorp by 0.3% in the third quarter. Teachers Advisors LLC now owns 122,929 shares of the bank’s stock valued at $3,506,000 after buying an additional 357 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Glacier Bancorp by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the bank’s stock valued at $1,059,000 after buying an additional 400 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Glacier Bancorp by 1.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,111 shares of the bank’s stock valued at $886,000 after buying an additional 468 shares during the period. 80.50% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up 0.25% during trading on Friday, hitting $36.51. 1,292,346 shares of the stock traded hands. The stock has a 50 day moving average of $34.07 and a 200 day moving average of $34.95. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 22.55 and a beta of 1.48. Glacier Bancorp, Inc. has a 52-week low of $24.58 and a 52-week high of $38.17.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, April 20th. The bank reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The firm had revenue of $105.95 million for the quarter, compared to analyst estimates of $112.10 million. Glacier Bancorp had a return on equity of 10.94% and a net margin of 27.12%. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Analysts expect that Glacier Bancorp, Inc. will post $1.77 EPS for the current year.

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A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies dropped their price target on shares of Glacier Bancorp from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. Finally, Zacks Investment Research cut shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th.

In related news, Director James M. English sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $36.65, for a total value of $91,625.00. Following the sale, the director now owns 20,181 shares in the company, valued at $739,633.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by corporate insiders.

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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