The stock of Glacier Bancorp, Inc. (NASDAQ:GBCI) hit a new 52-week high and has $45.79 target or 37.00% above today’s $33.42 share price. The 7 months bullish chart indicates low risk for the $2.55B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $45.79 price target is reached, the company will be worth $943.50 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 54,459 shares traded hands. Glacier Bancorp, Inc. (NASDAQ:GBCI) has risen 28.45% since April 15, 2016 and is uptrending. It has outperformed by 23.83% the S&P500.
According to Zacks Investment Research, “Glacier Bancorp, Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.10, from 1.14 in 2016Q1. The ratio improved, 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.
The New York-based Art Advsrs Ltd Llc has invested 0.01% in Glacier Bancorp, Inc. (NASDAQ:GBCI). Moreover, Wasatch Advisors has 0.55% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 1.35 million shares. Nuveen Asset Ltd Liability has 0.01% invested in the company for 67,697 shares. Public Employees Retirement Association Of Colorado accumulated 20,128 shares or 0% of the stock. Rocky Mountain Advisers Limited Liability Corporation holds 0.01% or 35 shares in its portfolio. Invesco Ltd owns 1.21 million shares or 0.01% of their US portfolio. Stifel Fincl Corporation accumulated 0.01% or 41,334 shares. South Dakota Invest Council accumulated 67,300 shares or 0.04% of the stock. Louisiana State Employees Retirement Sys reported 33,700 shares or 0.05% of all its holdings. Archford Capital Strategies Ltd Co reported 90 shares or 0% of all its holdings. Gemmer Asset Lc holds 0% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 271 shares. Apg Asset Mngmt Nv holds 0.01% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 106,384 shares. Ubs Asset Management Americas Incorporated holds 0% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 54,341 shares. Price T Rowe Associates Inc Md last reported 0.02% of its portfolio in the stock. The Georgia-based Advisory Ser Networks Limited Co has invested 0% in Glacier Bancorp, Inc. (NASDAQ:GBCI).
More important recent Glacier Bancorp, Inc. (NASDAQ:GBCI) news were published by: Globenewswire.com which released: “Glacier Bancorp, Inc. Announces Entry Into Arizona With the Acquisition of TFB …” on November 16, 2016, also Globenewswire.com published article titled: “Glacier Bancorp, Inc. Announces Acquisition of Treasure State Bank in Missoula …”, Forbes.com published: “Ex-Dividend Reminder: Glacier Bancorp, UDR and AT&T” on October 04, 2016. More interesting news about Glacier Bancorp, Inc. (NASDAQ:GBCI) was released by: Globenewswire.com and their article: “Glacier Bancorp, Inc. Selects Randall M. Chesler to Become President of …” with publication date: June 22, 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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