The stock of Glacier Bancorp, Inc. (NASDAQ:GBCI) hit a new 52-week high and has $36.43 target or 4.00% above today’s $35.03 share price. The 6 months bullish chart indicates low risk for the $2.70 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $36.43 price target is reached, the company will be worth $108.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 189,986 shares traded hands. Glacier Bancorp, Inc. (NASDAQ:GBCI) has risen 32.48% since April 28, 2016 and is uptrending. It has outperformed by 26.56% the S&P500.
Analysts await Glacier Bancorp, Inc. (NASDAQ:GBCI) to report earnings on January, 26. They expect $0.41 EPS, up 5.13% or $0.02 from last year’s $0.39 per share. GBCI’s profit will be $31.60M for 21.36 P/E if the $0.41 EPS becomes a reality. After $0.40 actual EPS reported by Glacier Bancorp, Inc. for the previous quarter, Wall Street now forecasts 2.50% EPS growth.
According to Zacks Investment Research, “Glacier Bancorp, Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.16, from 1.24 in 2016Q1. The ratio dropped, as 12 funds sold all Glacier Bancorp, Inc. shares owned while 54 reduced positions. 22 funds bought stakes while 60 increased positions. They now own 55.24 million shares or 1.59% less from 56.13 million shares in 2016Q1.
Ls Invest Advisors Lc holds 0% or 2,683 shares in its portfolio. Legal & General Pcl reported 17,253 shares or 0% of all its holdings. Schwab Charles Invest Mngmt holds 297,536 shares or 0.01% of its portfolio. The Florida-based Raymond James Fincl Svcs Advsr Inc has invested 0% in Glacier Bancorp, Inc. (NASDAQ:GBCI). Td Asset Management has invested 0% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI). Valley Advisers has invested 0% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI). Arizona State Retirement Sys, a Arizona-based fund reported 39,596 shares. Massachusetts Fincl Svcs Company Ma holds 228,219 shares or 0% of its portfolio. Moreover, Morgan Stanley has 0% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 33,848 shares. Blackrock Fund Advsr owns 4.98M shares or 0.03% of their US portfolio. Marshall & Sullivan Inc Wa owns 3,053 shares or 0.1% of their US portfolio. Moreover, Rice Hall James Assoc Llc has 0.89% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 581,787 shares. Capstone Asset Mgmt Com last reported 21,719 shares in the company. Geode Mngmt Ltd Liability Corp, a Massachusetts-based fund reported 552,103 shares. Deutsche Retail Bank Ag holds 0% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 202,948 shares.
Insider Transactions: Since November 16, 2016, the stock had 0 insider buys, and 2 sales for $199,620 net activity. The insider Langel Craig A sold 3,000 shares worth $99,840. Chery Don J. also sold $99,780 worth of Glacier Bancorp, Inc. (NASDAQ:GBCI) on Wednesday, November 16.
More notable recent Glacier Bancorp, Inc. (NASDAQ:GBCI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: ILG, Glacier Bancorp and Marvell Technology Group” on November 30, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Glacier Bancorp, UDR and AT&T” published on October 04, 2016, Globenewswire.com published: “Glacier Bancorp, Inc. Announces Acquisition of Treasure State Bank in Missoula …” on April 20, 2016. More interesting news about Glacier Bancorp, Inc. (NASDAQ:GBCI) were released by: Globenewswire.com and their article: “Glacier Bancorp, Inc. Selects Randall M. Chesler to Become President of …” published on June 22, 2015 as well as Globenewswire.com‘s news article titled: “Glacier Bancorp, Inc. Announces Acquisition of Canon Bank Corporation in Canon …” with publication date: July 31, 2015.
GBCI Company Profile
Glacier Bancorp, Inc., incorporated on March 5, 2004, is a bank holding company. The Firm provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Firm offers a range of banking services and products, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services. The Firm serves individuals, small to medium-sized businesses, community organizations and public entities. The Company’s non-bank subsidiaries include GBCI Other Real Estate Owned (GORE) and over seven trust subsidiaries. The Firm provides brokerage services, which include selling products, such as stocks, bonds, mutual funds, limited partnerships, annuities and other insurance products through Raymond James Financial Services.
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