BB&T Corp reduced its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,673 shares of the bank’s stock after selling 2,478 shares during the period. BB&T Corp’s holdings in Glacier Bancorp were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Teachers Advisors LLC grew its holdings in shares of Glacier Bancorp by 6.0% in the second quarter. Teachers Advisors LLC now owns 137,408 shares of the bank’s stock worth $5,031,000 after purchasing an additional 7,746 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Glacier Bancorp by 34.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock worth $135,000 after purchasing an additional 947 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Glacier Bancorp by 2.5% in the second quarter. Vanguard Group Inc. now owns 7,233,836 shares of the bank’s stock worth $264,832,000 after purchasing an additional 178,063 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Glacier Bancorp by 1.5% in the second quarter. California Public Employees Retirement System now owns 180,500 shares of the bank’s stock worth $6,608,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of Glacier Bancorp by 35.7% in the second quarter. Suntrust Banks Inc. now owns 8,042 shares of the bank’s stock worth $293,000 after purchasing an additional 2,114 shares during the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.

GBCI has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the stock a “hold” rating in a report on Saturday, October 21st. SunTrust Banks set a $41.00 target price on shares of Glacier Bancorp and gave the stock a “buy” rating in a report on Saturday, October 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 target price on shares of Glacier Bancorp in a report on Friday, December 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.25.

In related news, insider Don J. Chery sold 12,000 shares of Glacier Bancorp stock in a transaction on Friday, December 8th. The shares were sold at an average price of $38.29, for a total value of $459,480.00. Following the sale, the insider now owns 30,270 shares in the company, valued at $1,159,038.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Blodnick sold 25,338 shares of Glacier Bancorp stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $38.38, for a total transaction of $972,472.44. Following the completion of the sale, the director now owns 25,497 shares in the company, valued at approximately $978,574.86. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Shares of Glacier Bancorp, Inc. (GBCI) opened at $38.52 on Thursday. The firm has a market cap of $2,966.60, a price-to-earnings ratio of 25.74, a P/E/G ratio of 1.69 and a beta of 1.38. Glacier Bancorp, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $41.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $117.54 million during the quarter, compared to the consensus estimate of $122.23 million. Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. equities analysts expect that Glacier Bancorp, Inc. will post 2.25 EPS for the current year.

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

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