New York State Teachers Retirement System Has $6.59 Million Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

New York State Teachers Retirement System decreased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,098 shares of the bank's stock after selling 11,900 shares during the quarter. New York State Teachers Retirement System owned 0.13% of Glacier Bancorp worth $6,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of Glacier Bancorp by 1,839.2% in the 1st quarter. Bessemer Group Inc. now owns 9,599 shares of the bank's stock valued at $424,000 after buying an additional 9,104 shares during the period. GAMMA Investing LLC grew its stake in Glacier Bancorp by 4,580.7% in the first quarter. GAMMA Investing LLC now owns 142,388 shares of the bank's stock valued at $6,296,000 after acquiring an additional 139,346 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Glacier Bancorp in the fourth quarter worth about $716,000. Raymond James Financial Inc. bought a new stake in shares of Glacier Bancorp in the fourth quarter worth about $9,544,000. Finally, JPMorgan Chase & Co. raised its position in shares of Glacier Bancorp by 76.0% during the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after purchasing an additional 242,414 shares during the period. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

NASDAQ GBCI traded down $1.36 on Monday, hitting $45.72. 901,587 shares of the stock were exchanged, compared to its average volume of 663,992. The company has a market capitalization of $5.19 billion, a PE ratio of 27.38 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The business's fifty day moving average is $42.26 and its 200 day moving average is $45.11. Glacier Bancorp, Inc. has a 52 week low of $35.57 and a 52 week high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same quarter in the prior year, the company posted $0.29 earnings per share. Research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Tuesday, July 8th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, July 8th. This represents a $1.32 annualized dividend and a yield of 2.89%. Glacier Bancorp's payout ratio is currently 70.97%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GBCI. DA Davidson reissued a "buy" rating and set a $50.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating and issued a $48.00 price target (up from $45.00) on shares of Glacier Bancorp in a report on Thursday, June 26th. Janney Montgomery Scott upgraded Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Thursday, June 5th. Finally, Keefe, Bruyette & Woods boosted their target price on Glacier Bancorp from $50.00 to $52.00 and gave the company a "market perform" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.83.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the bank 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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.