Glacier Bancorp Inc. (NASDAQ:GBCI) declared a quarterly dividend on Wednesday, September 28th. Investors of record on Tuesday, October 11th will be paid a dividend of 0.20 per share on Thursday, October 20th. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, October 6th.
Glacier Bancorp (NASDAQ:GBCI) opened at 28.52 on Friday. The company has a 50-day moving average price of $28.91 and a 200-day moving average price of $26.96. Glacier Bancorp has a 52 week low of $21.90 and a 52 week high of $30.12. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 18.32 and a beta of 1.56.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Glacier Bancorp had a net margin of 27.17% and a return on equity of 10.82%. Equities research analysts anticipate that Glacier Bancorp will post $1.62 EPS for the current year.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. FIG Partners lowered Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.25.
Several institutional investors have recently modified their holdings of the company. Pacad Investment Ltd. purchased a new position in shares of Glacier Bancorp during the second quarter worth approximately $100,000. Citadel Advisors LLC increased its position in shares of Glacier Bancorp by 6.4% in the second quarter. Citadel Advisors LLC now owns 10,093 shares of the company’s stock worth $268,000 after buying an additional 603 shares during the last quarter. US Bancorp DE increased its position in shares of Glacier Bancorp by 8.5% in the second quarter. US Bancorp DE now owns 15,796 shares of the company’s stock worth $420,000 after buying an additional 1,232 shares during the last quarter. Profund Advisors LLC increased its position in shares of Glacier Bancorp by 2.1% in the second quarter. Profund Advisors LLC now owns 16,573 shares of the company’s stock worth $441,000 after buying an additional 334 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Glacier Bancorp by 9.4% in the second quarter. Raymond James & Associates now owns 20,873 shares of the company’s stock worth $555,000 after buying an additional 1,789 shares during the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.
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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