According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “
Separately, FIG Partners downgraded shares of Glacier Bancorp from an outperform rating to a market perform rating in a research report on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $27.25.
Shares of Glacier Bancorp (NASDAQ:GBCI) opened at 28.37 on Wednesday. The firm’s 50-day moving average price is $28.94 and its 200 day moving average price is $27.07. Glacier Bancorp has a 52 week low of $21.90 and a 52 week high of $30.12. The firm has a market cap of $2.16 billion, a PE ratio of 18.22 and a beta of 1.47.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Glacier Bancorp had a return on equity of 10.82% and a net margin of 27.17%. Equities analysts anticipate that Glacier Bancorp will post $1.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, October 6th. Glacier Bancorp’s payout ratio is 51.28%.
A number of institutional investors have recently bought and sold shares of GBCI. BNP Paribas Arbitrage SA increased its position in Glacier Bancorp by 122.5% in the second quarter. BNP Paribas Arbitrage SA now owns 24,310 shares of the company’s stock valued at $646,000 after buying an additional 13,382 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Glacier Bancorp by 3.2% in the first quarter. BlackRock Group LTD now owns 150,953 shares of the company’s stock valued at $3,837,000 after buying an additional 4,748 shares in the last quarter. BlackRock Inc. increased its stake in shares of Glacier Bancorp by 52.3% in the first quarter. BlackRock Inc. now owns 8,203 shares of the company’s stock valued at $208,000 after buying an additional 2,816 shares in the last quarter. State Street Corp increased its stake in shares of Glacier Bancorp by 1.9% in the first quarter. State Street Corp now owns 2,405,266 shares of the company’s stock valued at $61,138,000 after buying an additional 45,843 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of Glacier Bancorp by 1,237.9% in the first quarter. M&T Bank Corp now owns 101,894 shares of the company’s stock valued at $2,590,000 after buying an additional 94,278 shares in the last quarter. 75.60% of the stock is currently owned by hedge funds and other institutional investors.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company 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 Company 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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