Glacier Bancorp, Inc. (GBCI) Stake Lowered by Keeley Teton Advisors LLC
Keeley Teton Advisors LLC lessened its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,085 shares of the bank’s stock after selling 4,100 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Glacier Bancorp were worth $1,894,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Glacier Bancorp by 45.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,627 shares of the bank’s stock valued at $182,000 after purchasing an additional 1,454 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Glacier Bancorp during the fourth quarter valued at $203,000. First Allied Advisory Services Inc. acquired a new stake in Glacier Bancorp during the fourth quarter valued at $206,000. CIBC Asset Management Inc acquired a new stake in Glacier Bancorp during the third quarter valued at $209,000. Finally, Ramsey Quantitative Systems acquired a new stake in Glacier Bancorp during the fourth quarter valued at $252,000. 81.17% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on GBCI. BidaskClub cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a research report on Friday, December 22nd. Zacks Investment Research cut Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, SunTrust Banks reissued a “buy” rating and set a $42.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $41.25.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. The firm had revenue of $117.54 million for the quarter, compared to analyst estimates of $122.23 million. equities analysts forecast that Glacier Bancorp, Inc. will post 2.25 EPS for the current year.
Glacier Bancorp Company 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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