Intl Fcstone Inc. Invests $1.34 Million in Glacier Bancorp, Inc. (GBCI) Stock

Intl Fcstone Inc. purchased a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,712 shares of the bank’s stock, valued at approximately $1,344,000.

Other hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC grew its position in Glacier Bancorp by 4.9% during the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after buying an additional 134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Glacier Bancorp by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after buying an additional 283 shares during the period. PNC Financial Services Group Inc. grew its position in Glacier Bancorp by 34.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after buying an additional 947 shares during the period. Advisor Group Inc. grew its position in Glacier Bancorp by 23.7% during the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after buying an additional 744 shares during the period. Finally, Fiduciary Trust Co. acquired a new stake in Glacier Bancorp during the second quarter valued at $183,000. Institutional investors own 80.86% of the company’s stock.

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up 0.094% during mid-day trading on Friday, hitting $37.175. 163,477 shares of the stock traded hands. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 22.530 and a beta of 1.49. The firm’s 50 day moving average price is $35.49 and its 200 day moving average price is $34.71. Glacier Bancorp, Inc. has a 12-month low of $27.31 and a 12-month high of $38.18.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $120.00 million during the quarter, compared to the consensus estimate of $121.07 million. Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. On average, equities research analysts predict that Glacier Bancorp, Inc. will post $1.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.26%. Glacier Bancorp’s payout ratio is currently 50.91%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/20/intl-fcstone-inc-invests-1-34-million-in-glacier-bancorp-inc-gbci-stock.html.

Several analysts recently commented on GBCI shares. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies set a $38.00 price target on shares of Glacier Bancorp and gave the company a “hold” rating in a research report on Saturday, July 29th. Zacks Investment Research lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a

Other hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC grew its position in Glacier Bancorp by 4.9% during the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after buying an additional 134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Glacier Bancorp by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after buying an additional 283 shares during the period. PNC Financial Services Group Inc. grew its position in Glacier Bancorp by 34.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after buying an additional 947 shares during the period. Advisor Group Inc. grew its position in Glacier Bancorp by 23.7% during the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after buying an additional 744 shares during the period. Finally, Fiduciary Trust Co. acquired a new stake in Glacier Bancorp during the second quarter valued at $183,000. Institutional investors own 80.86% of the company’s stock.

Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up 0.094% during mid-day trading on Friday, hitting $37.175. 163,477 shares of the stock traded hands. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 22.530 and a beta of 1.49. The firm’s 50 day moving average price is $35.49 and its 200 day moving average price is $34.71. Glacier Bancorp, Inc. has a 12-month low of $27.31 and a 12-month high of $38.18.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $120.00 million during the quarter, compared to the consensus estimate of $121.07 million. Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. On average, equities research analysts predict that Glacier Bancorp, Inc. will post $1.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.26%. Glacier Bancorp’s payout ratio is currently 50.91%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/20/intl-fcstone-inc-invests-1-34-million-in-glacier-bancorp-inc-gbci-stock.html.

Several analysts recently commented on GBCI shares. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies set a $38.00 price target on shares of Glacier Bancorp and gave the company a “hold” rating in a research report on Saturday, July 29th. Zacks Investment Research lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods set a $36.00 price target on shares of Glacier Bancorp and gave the company a “hold” rating in a research report on Monday, June 26th.

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.

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

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