Wolverine Trading LLC purchased a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,547 shares of the bank’s stock, valued at approximately $218,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GBCI. Crossmark Global Holdings Inc. bought a new position in shares of Glacier Bancorp during the third quarter valued at about $479,000. Victory Capital Management Inc. raised its position in Glacier Bancorp by 23.7% in the third quarter. Victory Capital Management Inc. now owns 23,130 shares of the bank’s stock worth $873,000 after acquiring an additional 4,425 shares during the period. Chicago Equity Partners LLC raised its position in Glacier Bancorp by 10.6% in the third quarter. Chicago Equity Partners LLC now owns 24,040 shares of the bank’s stock worth $908,000 after acquiring an additional 2,300 shares during the period. Principal Financial Group Inc. raised its position in Glacier Bancorp by 1.2% in the third quarter. Principal Financial Group Inc. now owns 600,580 shares of the bank’s stock worth $22,678,000 after acquiring an additional 7,108 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in Glacier Bancorp by 86.1% in the third quarter. BNP Paribas Arbitrage SA now owns 44,903 shares of the bank’s stock worth $1,696,000 after acquiring an additional 20,778 shares during the period. 81.75% of the stock is currently owned by institutional investors.
Several analysts have commented on the stock. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Glacier Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Glacier Bancorp from a “sell” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Monday, January 1st. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, November 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.25.
Shares of Glacier Bancorp stock traded down $1.39 during mid-day trading on Thursday, reaching $38.73. 333,681 shares of the company’s stock traded hands, compared to its average volume of 333,184. The company has a market capitalization of $3,382.79, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.78 and a beta of 1.34. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. Glacier Bancorp, Inc. has a twelve month low of $31.38 and a twelve month high of $41.24.
Glacier Bancorp (NASDAQ:GBCI) last posted its 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 business had revenue of $117.54 million during the quarter, compared to analysts’ expectations of $122.23 million. Glacier Bancorp had a return on equity of 11.46% and a net margin of 23.88%. analysts expect that Glacier Bancorp, Inc. will post 2.25 earnings per share for the current year.
In other news, Director James M. English sold 5,000 shares of Glacier Bancorp stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $41.01, for a total value of $205,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: “Wolverine Trading LLC Takes Position in Glacier Bancorp, Inc. (GBCI)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://ledgergazette.com/2018/03/22/wolverine-trading-llc-invests-218000-in-glacier-bancorp-inc-gbci.html.
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.
Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.