Glacier Bancorp Inc. (GBCI) Short Interest Update
Glacier Bancorp Inc. (NASDAQ:GBCI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,020,730 shares, an increase of 35.7% from the August 15th total of 2,963,665 shares. Based on an average daily trading volume, of 248,107 shares, the days-to-cover ratio is currently 16.2 days. Approximately 5.3% of the shares of the company are short sold.
Large investors have recently bought and sold shares of the company. Mason Street Advisors LLC acquired a new stake in Glacier Bancorp during the second quarter valued at $396,000. Front Street Capital Management Inc. acquired a new stake in Glacier Bancorp during the second quarter valued at $238,000. Public Employees Retirement System of Ohio boosted its stake in Glacier Bancorp by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 55,784 shares of the company’s stock valued at $1,483,000 after buying an additional 166 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Glacier Bancorp by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 297,536 shares of the company’s stock valued at $7,909,000 after buying an additional 7,763 shares during the last quarter. Finally, Madison Investment Holdings Inc. boosted its stake in Glacier Bancorp by 2.1% in the second quarter. Madison Investment Holdings Inc. now owns 788,410 shares of the company’s stock valued at $20,956,000 after buying an additional 16,181 shares during the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. FIG Partners lowered Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.60.
Shares of Glacier Bancorp (NASDAQ:GBCI) opened at 29.04 on Friday. The firm has a 50-day moving average price of $28.81 and a 200 day moving average price of $26.85. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 18.65 and a beta of 1.56. Glacier Bancorp has a 52-week low of $21.90 and a 52-week high of $30.12.
Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, July 21st. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.01. Glacier Bancorp had a return on equity of 10.82% and a net margin of 27.17%. Analysts expect that Glacier Bancorp will post $1.62 earnings per share for the current year.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company 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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