Advisor Group Inc. grew its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 23.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,884 shares of the bank’s stock after acquiring an additional 744 shares during the quarter. Advisor Group Inc.’s holdings in Glacier Bancorp were worth $142,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. boosted its holdings in shares of Glacier Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,450 shares of the bank’s stock valued at $492,000 after acquiring an additional 34 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Glacier Bancorp by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 6,141 shares of the bank’s stock valued at $225,000 after acquiring an additional 93 shares during the period. Arizona State Retirement System boosted its holdings in shares of Glacier Bancorp by 0.3% in the second quarter. Arizona State Retirement System now owns 39,996 shares of the bank’s stock valued at $1,464,000 after acquiring an additional 100 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of Glacier Bancorp by 4.9% in the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after acquiring an additional 134 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of Glacier Bancorp by 1.9% in the second quarter. Amalgamated Bank now owns 10,526 shares of the bank’s stock valued at $385,000 after acquiring an additional 200 shares during the period. 81.09% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies set a $38.00 price objective on Glacier Bancorp and gave the company a “hold” rating in a report on Saturday. SunTrust Banks, Inc. set a $41.00 price objective on Glacier Bancorp and gave the company a “buy” rating in a report on Saturday. Zacks Investment Research downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price objective on shares of Glacier Bancorp in a report on Friday, September 29th. Finally, BidaskClub downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Glacier Bancorp has an average rating of “Hold” and a consensus price target of $38.33.
Shares of Glacier Bancorp, Inc. (GBCI) opened at 36.73 on Tuesday. Glacier Bancorp, Inc. has a 1-year low of $27.31 and a 1-year high of $38.18. The stock has a market cap of $2.86 billion, a PE ratio of 22.26 and a beta of 1.48. The stock’s 50 day moving average price is $35.70 and its 200 day moving average price is $34.78.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%. The business had revenue of $120.00 million during the quarter, compared to analyst estimates of $121.07 million. On average, equities research analysts anticipate that Glacier Bancorp, Inc. will post $1.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 21st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.29%. Glacier Bancorp’s dividend payout ratio is currently 48.84%.
Glacier Bancorp Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 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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