Alps Advisors Inc. purchased a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,092 shares of the bank’s stock, valued at approximately $555,000.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Glacier Bancorp by 2.3% in the first quarter. BlackRock Inc. now owns 10,799,306 shares of the bank’s stock valued at $414,478,000 after acquiring an additional 247,711 shares during the period. Neuberger Berman Group LLC lifted its holdings in Glacier Bancorp by 11.2% in the first quarter. Neuberger Berman Group LLC now owns 2,375,112 shares of the bank’s stock valued at $91,157,000 after acquiring an additional 239,163 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in Glacier Bancorp by 20.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,022,253 shares of the bank’s stock valued at $77,614,000 after acquiring an additional 340,775 shares during the period. Northern Trust Corp lifted its holdings in Glacier Bancorp by 1.5% in the first quarter. Northern Trust Corp now owns 1,442,468 shares of the bank’s stock valued at $55,363,000 after acquiring an additional 21,528 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Glacier Bancorp by 1.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,370,918 shares of the bank’s stock valued at $52,616,000 after acquiring an additional 23,441 shares during the period. 82.21% of the stock is owned by institutional investors.

A number of research analysts have issued reports on GBCI shares. Zacks Investment Research raised Glacier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, June 27th. BidaskClub raised Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. ValuEngine raised Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $44.00 price target on shares of Glacier Bancorp in a report on Monday, July 23rd. Finally, Sandler O’Neill reissued a “hold” rating and issued a $44.00 price target on shares of Glacier Bancorp in a report on Friday, July 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.33.

Glacier Bancorp stock opened at $45.76 on Friday. The company has a market capitalization of $3.87 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.08 and a beta of 1.43. Glacier Bancorp, Inc. has a 12 month low of $31.38 and a 12 month high of $46.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.84.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, July 19th. The bank reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The business had revenue of $140.38 million during the quarter, compared to analysts’ expectations of $135.74 million. Glacier Bancorp had a net margin of 25.31% and a return on equity of 11.56%. During the same quarter last year, the firm earned $0.43 earnings per share. equities analysts predict that Glacier Bancorp, Inc. will post 2.2 EPS for the current fiscal year.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

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

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