Glacier Bancorp, Inc. (GBCI) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp lifted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,145 shares of the bank’s stock after acquiring an additional 35,498 shares during the quarter. Bank of New York Mellon Corp’s holdings in Glacier Bancorp were worth $43,453,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in GBCI. Crossmark Global Holdings Inc. purchased a new stake in shares of Glacier Bancorp during the 3rd quarter worth approximately $479,000. Victory Capital Management Inc. boosted its stake in shares of Glacier Bancorp by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 23,130 shares of the bank’s stock worth $873,000 after acquiring an additional 4,425 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Glacier Bancorp by 10.6% during the 3rd quarter. Chicago Equity Partners LLC now owns 24,040 shares of the bank’s stock worth $908,000 after acquiring an additional 2,300 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Glacier Bancorp by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 600,580 shares of the bank’s stock worth $22,678,000 after acquiring an additional 7,108 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of Glacier Bancorp during the 3rd quarter worth approximately $320,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.
Glacier Bancorp, Inc. (GBCI) opened at $40.66 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.85. Glacier Bancorp, Inc. has a 12-month low of $31.38 and a 12-month high of $41.23. The stock has a market capitalization of $3,169.89, a P/E ratio of 27.11, a P/E/G ratio of 1.77 and a beta of 1.34.
Several equities research analysts have recently commented on GBCI shares. BidaskClub raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Monday, January 1st. SunTrust Banks reissued a “buy” rating and set a $43.00 price target on shares of Glacier Bancorp in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a research report on Friday, December 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Glacier Bancorp presently has an average rating of “Hold” and an average price target of $41.25.
Glacier Bancorp Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 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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