New York State Teachers Retirement System Sells 11,900 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

New York State Teachers Retirement System reduced its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital International Investors raised its holdings in shares of Glacier Bancorp by 5.8% in the 4th quarter. Capital International Investors now owns 2,092,571 shares of the bank's stock worth $105,089,000 after purchasing an additional 115,620 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Glacier Bancorp by 7.7% in the 4th quarter. Northern Trust Corp now owns 1,763,983 shares of the bank's stock worth $88,587,000 after purchasing an additional 126,316 shares in the last quarter. Norges Bank bought a new stake in shares of Glacier Bancorp in the 4th quarter worth approximately $56,923,000. Snyder Capital Management L P raised its holdings in shares of Glacier Bancorp by 3.4% in the 4th quarter. Snyder Capital Management L P now owns 1,123,980 shares of the bank's stock worth $56,446,000 after purchasing an additional 37,472 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Glacier Bancorp by 1.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 1,062,294 shares of the bank's stock worth $53,348,000 after purchasing an additional 12,035 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Up 1.3%

Glacier Bancorp stock traded up $0.59 during trading hours on Tuesday, hitting $45.98. The company had a trading volume of 123,826 shares, compared to its average volume of 661,892. 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 firm has a market capitalization of $5.22 billion, a P/E ratio of 27.53 and a beta of 0.77. Glacier Bancorp, Inc. has a fifty-two week low of $35.57 and a fifty-two week high of $60.67. The firm's fifty day moving average is $42.36 and its 200-day moving average is $45.08.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted 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 net margin of 14.99% and a return on equity of 5.98%. During the same period in the prior year, the business earned $0.29 earnings per share. On average, research analysts forecast that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Tuesday, July 8th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, July 8th. Glacier Bancorp's dividend payout ratio is 70.97%.

Analysts Set New Price Targets

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

Glacier Bancorp Profile

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.