Cooke & Bieler LP trimmed its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,012,906 shares of the bank's stock after selling 113,865 shares during the quarter. Cooke & Bieler LP owned 2.65% of Glacier Bancorp worth $133,231,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in shares of Glacier Bancorp during the fourth quarter worth $33,000. JNBA Financial Advisors bought a new stake in shares of Glacier Bancorp in the first quarter valued at about $35,000. UMB Bank n.a. raised its holdings in shares of Glacier Bancorp by 114.9% in the first quarter. UMB Bank n.a. now owns 838 shares of the bank's stock valued at $37,000 after acquiring an additional 448 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Glacier Bancorp by 252.1% in the first quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank's stock valued at $62,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Bridge Generations Wealth Management LLC bought a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $70,000. 80.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on GBCI shares. DA Davidson restated a "buy" rating and issued a $50.00 price objective on shares of Glacier Bancorp in a report on Wednesday, June 25th. Janney Montgomery Scott upgraded shares of Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 target price for the company in a report on Thursday, June 5th. Raymond James Financial reiterated an "outperform" rating and issued a $48.00 target price (up from $45.00) on shares of Glacier Bancorp in a report on Thursday, June 26th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.83.
Check Out Our Latest Analysis on GBCI
Glacier Bancorp Stock Performance
Shares of GBCI traded down $0.10 during trading hours on Friday, hitting $45.69. The stock had a trading volume of 615,207 shares, compared to its average volume of 659,665. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day moving average price of $43.14 and a 200 day moving average price of $44.83. Glacier Bancorp, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $60.67. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 27.36 and a beta of 0.77.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same quarter last year, the business posted $0.29 EPS. As a group, research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.
Glacier Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Tuesday, July 8th were issued a $0.33 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.89%. Glacier Bancorp's payout ratio is currently 70.97%.
Glacier Bancorp Profile
(
Free Report)
Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.
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