New York State Teachers Retirement System Decreases Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

New York State Teachers Retirement System lowered its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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.

Other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Glacier Bancorp in the 4th quarter valued at $716,000. US Bancorp DE grew its position in Glacier Bancorp by 17.4% in the 4th quarter. US Bancorp DE now owns 15,792 shares of the bank's stock valued at $793,000 after acquiring an additional 2,337 shares during the last quarter. Jones Financial Companies Lllp grew its position in Glacier Bancorp by 19.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock valued at $177,000 after acquiring an additional 578 shares during the last quarter. Keybank National Association OH grew its position in Glacier Bancorp by 8.6% in the 4th quarter. Keybank National Association OH now owns 6,885 shares of the bank's stock valued at $346,000 after acquiring an additional 545 shares during the last quarter. Finally, Atria Investments Inc grew its position in Glacier Bancorp by 12.0% in the 4th quarter. Atria Investments Inc now owns 16,395 shares of the bank's stock valued at $823,000 after acquiring an additional 1,752 shares during the last quarter. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Up 0.5%

Shares of NASDAQ GBCI traded up $0.21 during mid-day trading on Wednesday, reaching $46.16. 550,449 shares of the company were exchanged, compared to its average volume of 665,041. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 27.64 and a beta of 0.77. Glacier Bancorp, Inc. has a 1 year low of $36.32 and a 1 year high of $60.67. The firm has a 50-day moving average of $42.56 and a 200 day moving average of $45.09.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates 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 previous year, the company posted $0.29 earnings per share. On average, research analysts expect that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Tuesday, July 8th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, July 8th. Glacier Bancorp's dividend payout ratio (DPR) is currently 70.97%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GBCI. Janney Montgomery Scott raised Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Thursday, June 5th. Raymond James Financial reiterated an "outperform" rating and issued a $48.00 target price (up from $45.00) on shares of Glacier Bancorp in a report on Thursday, June 26th. Keefe, Bruyette & Woods upped their target price on Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a report on Friday, June 27th. Finally, DA Davidson reiterated a "buy" rating and issued a $50.00 target price on shares of Glacier Bancorp in a report on Wednesday, June 25th. Three investment 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. Based on data from MarketBeat, the company has a consensus 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.