Parametric Portfolio Associates LLC Has $3.88 Million Holdings in Glacier Bancorp, Inc. (GBCI)

Parametric Portfolio Associates LLC raised its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 25.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,851 shares of the bank’s stock after purchasing an additional 21,300 shares during the period. Parametric Portfolio Associates LLC owned 0.14% of Glacier Bancorp worth $3,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 134 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 purchasing an additional 283 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 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 purchasing an additional 947 shares in the last quarter. Advisor Group Inc. increased its stake in shares of 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 purchasing an additional 744 shares in the last quarter. Finally, Fiduciary Trust Co. bought a new position in shares of Glacier Bancorp during the second quarter valued at approximately $183,000. 81.17% of the stock is owned by institutional investors and hedge funds.

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Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) opened at 37.83 on Monday. The stock’s 50 day moving average is $36.18 and its 200-day moving average is $34.88. Glacier Bancorp, Inc. has a 12-month low of $27.31 and a 12-month high of $38.18. The stock has a market cap of $2.95 billion, a PE ratio of 22.93 and a beta of 1.48.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $120.00 million during the quarter, compared to analyst estimates of $121.07 million. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. Equities analysts expect that Glacier Bancorp, Inc. will post $1.77 EPS for the current year.

GBCI has been the subject of a number of analyst reports. SunTrust Banks, Inc. set a $41.00 target price on shares of Glacier Bancorp and gave the company a “buy” rating in a research note on Saturday, October 21st. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods set a $36.00 target price on shares of Glacier Bancorp and gave the company a “hold” rating in a research note on Monday, August 28th. Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the company a “hold” rating in a research note on Saturday, July 29th. Finally, Zacks Investment Research downgraded shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Glacier Bancorp presently has an average rating of “Hold” and an average price target of $38.33.

Glacier Bancorp Company 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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