The stock of Glacier Bancorp, Inc. (NASDAQ:GBCI) hit a new 52-week high and has $36.02 target or 5.00% above today’s $34.30 share price. The 5 months bullish chart indicates low risk for the $2.63B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $36.02 price target is reached, the company will be worth $131.50 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 35,085 shares traded hands. Glacier Bancorp, Inc. (NASDAQ:GBCI) has risen 27.81% since April 20, 2016 and is uptrending. It has outperformed by 23.26% the S&P500.
According to Zacks Investment Research, “Glacier Bancorp, Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.16, from 1.24 in 2016Q1. The ratio fall, 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.
Teachers Advsrs Incorporated last reported 122,572 shares in the company. Moreover, Glenmede Tru Na has 0% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 9,865 shares. Moreover, Qs Ltd Liability has 0% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 4,311 shares. Creative Planning owns 770 shares or 0% of their US portfolio. Moreover, Jennison Associates Limited Liability Corporation has 0% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 71,789 shares. Davidson Invest Advsrs last reported 0.07% of its portfolio in the stock. Moreover, Ny State Teachers Retirement Systems has 0.02% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 223,459 shares. Moreover, Forest Hill Limited Liability Company has 2.48% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 696,338 shares. Tiaa Cref Inv Ltd Liability Corporation holds 0.01% or 307,627 shares in its portfolio. Stockman Asset Mngmt holds 1.39% or 66,753 shares in its portfolio. Wasatch Advsr owns 1.35M shares or 0.55% of their US portfolio. Legal General Group Pcl last reported 17,253 shares in the company. Nicholas Wi accumulated 0.07% or 137,470 shares. Arizona State Retirement Systems has 39,596 shares for 0.01% of their US portfolio. Moreover, Td Asset Management has 0% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 19,894 shares.
Insider Transactions: Since November 16, 2016, the stock had 0 insider purchases, and 2 insider sales for $199,620 net activity. Another trade for 3,000 shares valued at $99,780 was made by Chery Don J. on Wednesday, November 16. $99,840 worth of shares were sold by Langel Craig A on Thursday, November 17.
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 …”, Globenewswire.com published: “Glacier Bancorp, Inc. Selects Randall M. Chesler to Become President of …” on June 22, 2015. More interesting news about Glacier Bancorp, Inc. (NASDAQ:GBCI) was released by: Globenewswire.com and their article: “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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