Glacier Bancorp, Inc. (NASDAQ:GBCI) Closed Well Below Its 50 Day Average

Bruno Cirelli
Agosto 20, 2017

The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The institutional investor owned 1,193,280 shares of the bank's stock at the end of the second quarter.

A number of other large investors also recently made changes to their positions in the company. Oxford Asset Management acquired a new position in shares of Glacier Bancorp during the first quarter valued at $510,000. First Midwest Bank Trust Division now owns 13,773 shares of the bank's stock valued at $467,000 after buying an additional 1,146 shares in the last quarter. As of the end of the quarter Advisory Services Network, LLC had acquired a total of 157 shares growing its holdings by 356.8%. Susquehanna International Group, Llp now owns 79,738 shares worth $2,919,000. FMR LLC boosted its position in shares of Glacier Bancorp by 51.5% in the first quarter. The value of the investment in Old Second Bancorp, Inc. decreased from $6,251,000 to $27,000 decreasing 99.6% quarter over quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Glacier Bancorp during the first quarter valued at about $239,000. 314K shares changed hands on Friday. Shares saw a steep increase in trading volume of 14.19% over the normal average daily volume. The stock has a 50 day moving average price of $35.23 and a 200-day moving average price of $34.83.

The most current P/E ratio is 19.93 and market capitalization is 2.57B. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings of $0.50 per share for the quarter, up from their prior estimate of $0.48. The business had revenue of $113.91 million during the quarter, compared to analysts' expectations of $115.60 million. Glacier Bancorp had a return on equity of 11.02% and a net margin of 27.30%. During the same period in the previous year, the business posted $0.40 EPS. FIG Partners also issued estimates for Glacier Bancorp's Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $1.83 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $2.13 EPS. Shareholders of record on Wednesday, July 12th were issued a $0.21 dividend. This dividend amount represented a yeild of $0.34. Glacier Bancorp's payout ratio is 50.91%.

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Glacier Bancorp (NASDAQ:GBCI) opened at 32.98 on Friday.

Several research firms have weighed in on GBCI. Zacks Investment Research upgraded Glacier Bancorp from a "hold" rating to a "buy" rating and set a $38.00 target price on the stock in a report on Monday, April 3rd. BidaskClub cut Glacier Bancorp from a "sell" rating to a "strong sell" rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reissued a "hold" rating and issued a $36.00 price objective on shares of Glacier Bancorp in a research report on Thursday, July 27th. The shares were sold at an average price of $36.65, for a total transaction of $91,625.00. Following the sale, the director now directly owns 20,181 shares of the company's stock, valued at $739,633.65. Piper Jaffray Companies' target price suggests a potential upside of 15.22% from the stock's previous close. Company insiders own 0.65% of the company's stock.

Old Second Bancorp, Inc., launched on September 18, 1981, is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from 142 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.

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