Segall Bryant & Hamill LLC trimmed its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,040,904 shares of the bank's stock after selling 21,390 shares during the period. Glacier Bancorp makes up about 0.7% of Segall Bryant & Hamill LLC's portfolio, making the stock its 16th largest holding. Segall Bryant & Hamill LLC owned 0.92% of Glacier Bancorp worth $46,029,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in GBCI. Signaturefd LLC lifted its position in shares of Glacier Bancorp by 5.3% during the 4th quarter. Signaturefd LLC now owns 3,978 shares of the bank's stock valued at $200,000 after acquiring an additional 201 shares during the last quarter. Piedmont Capital Management LLC lifted its position in shares of Glacier Bancorp by 4.5% during the 4th quarter. Piedmont Capital Management LLC now owns 5,256 shares of the bank's stock valued at $262,000 after acquiring an additional 224 shares during the last quarter. CWM LLC lifted its position in shares of Glacier Bancorp by 0.7% during the 1st quarter. CWM LLC now owns 39,635 shares of the bank's stock valued at $1,753,000 after acquiring an additional 285 shares during the last quarter. Mariner LLC lifted its position in shares of Glacier Bancorp by 2.4% during the 4th quarter. Mariner LLC now owns 12,430 shares of the bank's stock valued at $624,000 after acquiring an additional 292 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Glacier Bancorp by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 27,136 shares of the bank's stock valued at $1,200,000 after acquiring an additional 300 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.
Glacier Bancorp Stock Down 0.2%
NASDAQ:GBCI traded down $0.10 during trading hours on Friday, hitting $45.69. 615,207 shares of the stock traded hands, compared to its average volume of 660,412. The firm has a 50 day moving average price of $43.14 and a 200 day moving average price of $44.86. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. 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 cap 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 the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the prior year, the company posted $0.29 EPS. Equities research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.
Glacier Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Tuesday, July 8th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, July 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.89%. Glacier Bancorp's dividend payout ratio is 70.97%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on GBCI. Keefe, Bruyette & Woods increased their price objective on Glacier Bancorp from $50.00 to $52.00 and gave the company a "market perform" rating in a research report on Friday, June 27th. Janney Montgomery Scott upgraded Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Thursday, June 5th. DA Davidson reiterated a "buy" rating and set a $50.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Finally, Raymond James Financial reissued an "outperform" rating and set a $48.00 target price (up from $45.00) on shares of Glacier Bancorp in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.83.
Read Our Latest Analysis on Glacier Bancorp
About Glacier Bancorp
(
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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